Term Life Insurance

Are you looking for a way to provide a financial safety net for your family?

Term Life Insurance provides coverage for 10, 20 or 30 years with level premiums, a death benefit, and conversion options. Simply put, Term Life Insurance is coverage that protects you and your loved ones for a speciﬁc period of time. Premiums for Term Life Insurance are generally lower than those for Whole Life Insurance, so Term Life Insurance can fulfill your life insurance needs even when your budget is tight.

Specifications

Issue Minimums

Non-Tobacco/Tobacco
10-Year: Issue Ages 16-75 $50,000
20-Year: Issue Ages 16-65 $50,000
30-Year: Issue Ages 16-55 $50,000

Select/Select+/Select Tobacco
10-Year: Issue Ages 18-45 $250,000
10-Year: Issue Ages 46-75 $100,000
20-Year: Issue Ages 18-65 $100,000
30-Year: Issue Ages 16-65 $100,000

10- 20- and 30-Year Premiums

Annual, Semi-Annual, Quarterly and Monthly
EFT options are available for all modes of payment

Key Features

Guaranteed coverage for a specified period of time
Option to convert to a permanent policy
Affordable premiums to fit most budgets
Coverage for temporary needs such as income replacement or child’s tuition
Convenient monthly electronic fund transfer payments, other options include quarterly, semi-annual and annual payments

Ideal Client

Someone looking for a low-cost way to fulfill their short-term life insurance needs, especially when cost is the primary concern

Income replacement
Supplement Education funding
Business Buy or Sell
Retirement and Pension Maximization
Estate Conversation
Charitable Giving

Case Studies

Meet David

Meet David & Samantha

Age: 32 and 36
Household Income: $100,000
Family: Two children
Health Status: Good health
Goals: Ensure their children are taken care of and their mortgage will be covered if something happens to them.

Their Story:

David and Samantha are in their 30s. They are a dual-income family, with two kids and a beautiful home. They met with their representative, who performed a needs analysis. They discovered they need $1.2 million in coverage to help protect their income, mortgage and children’s tuition if something were to happen to them. The analysis also revealed the need to decrease their protection over the next 30 years as their mortgage is paid off, the children graduate from college, and they get closer to retirement.

Their representative was able to customize a solution using laddered Term Life Insurance policies to provide financial protection for their family at a cost they could afford.

Meet Marco

Age: 23
Income: $45,000
Family: Single
Health Status: Average health
Goals: Ensure his parents have financial protection to cover his student loans.

His Story:

Marco is a recent college graduate with a large sum of student loans. If something were to happen to him, he wants to ensure his parents have enough financial protection to continue paying off his student loans.

Marco met with his representative to discuss his options. With money being tight as a recent college grad, he selected a 10-year Term Life Insurance plan. This offers affordable premiums and the option to convert to a permanent insurance policy down the road.

Product Information Sheets

To request a personalized product information sheet for Term Life Insurance, email our sales support team at sales@trustedfraternallife.org. Please include the product name, brand, headshot and the contact information you would like on the sheet.

Important Advisories

Premiums remain level throughout the initial term period; thereafter, the policy is automatically renewed on an annual renewable term basis to age 95. New premiums will be based on current age at the time of renewal.
Term Life Insurance can be converted to permanent life insurance with Trusted Fraternal Life at any time during the level term period or the contract anniversary following the insured’s 75th birthday, whichever comes first. Conversion is subject to the age and minimum face amount requirements of the permanent plan.
Like all life insurance policies, this policy has exclusions, limitations, reduction of benefits, and terms under which the contract may be continued in force or discontinued. For costs and complete details of coverage, contact your representative or call (800) 965-2547.

Term Life Insurance ICC20 TRM (30); ICC20 TRM (30) SPN; 2020 TRM FL (30) and 2020 TRM FL (30) SPN.

15-0053-05/25

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