You Work Hard to Build Their Future. Help Protect It.
Your family depends on more than your income. They depend on the stability, opportunities, and everyday security it helps provide.
Term life insurance can help provide financial resources for the people you love if you pass away during the coverage period.
Life Can Change. Your Love Doesn't.
Think about the life you've worked to build. The home you share. The education you hope to provide your children. The everyday expenses your income helps cover.
If you were no longer there to provide that income, your family could face difficult financial decisions at an already emotional time.
Term life insurance offers a way to address that risk for a selected period. If the insured dies while eligible coverage is in force, the policy generally pays a death benefit to designated beneficiaries, subject to its terms.
The goal is not simply to own insurance. It's to help your family retain choices when those choices matter most.
Protection for the Responsibilities You Carry.
A life insurance death benefit may help beneficiaries address a range of financial needs. How they use the proceeds depends on their circumstances and the policy structure.
Replace Lost Income
Help loved ones manage household expenses when a primary source of income is no longer available.
Support Housing Needs
Provide financial resources that may help with mortgage payments or other housing expenses.
Plan for Education
Help provide funds that beneficiaries may use toward children's education and future opportunities.
Address Outstanding Debts
Help loved ones manage certain financial obligations after a covered death.
Provide Financial Flexibility
Give beneficiaries access to resources that may help them navigate an unexpected financial transition.
Protect a Defined Period
Align coverage with responsibilities that may decrease over time, such as a mortgage or dependent children.
How Long Should Your Coverage Last?
Term life insurance typically provides coverage for a specified number of years. Available terms depend on the insurer, product, and applicant's eligibility.
10-Year Term
May be considered when a financial obligation or protection need has a relatively short remaining time horizon.
Consider: How your needs could change after the tenth year.
20-Year Term
May align with longer-term responsibilities, including years of income support or raising children.
Consider: Whether your needs extend beyond the selected term.
30-Year Term
May provide a longer coverage period for younger families or extended financial obligations.
Consider: Premium affordability and long-term coverage objectives.
Term lengths, renewal rights, conversion privileges, and premium guarantees vary by contract. Term insurance generally does not build cash value.
How Much Protection Might Your Family Need?
Use this simple calculator to estimate a potential starting point. It considers income replacement, debts, future expenses, and existing financial resources.
This simplified estimate assumes income replacement equals annual income multiplied by the selected number of years, then adds debts and future expenses and subtracts assets and existing life insurance. It does not account for inflation, investment returns, taxes, survivor benefits, or the timing of cash flows. It is not an insurance quote or recommendation.
Getting Started Should Feel Simple.
Understand Your Needs
Discuss your family, financial obligations, current insurance, and coverage goals.
Explore Available Options
Review relevant coverage amounts, term lengths, potential premiums, and policy features.
Apply With Guidance
If you decide to proceed, receive guidance on the application process and any applicable underwriting requirements.
Understand Before You Decide.
What is term life insurance?
Term life insurance generally provides a death benefit if the insured dies while the policy is in force during the applicable coverage period, subject to policy terms.
Is term life insurance less expensive than permanent life insurance?
Term insurance often has a lower initial premium for a comparable death benefit because it is designed for a defined coverage period and generally does not accumulate cash value. Actual premiums depend on the applicant and policy.
What happens when my term policy ends?
Coverage may expire at the end of the term, or renewal may be available under the contract. Renewal premiums can be substantially higher. Some policies also provide conversion options within specified limits.
Can I convert term insurance into permanent coverage?
Some term policies include conversion privileges, subject to deadlines, eligibility conditions, and available products. Conversion is not available under every contract.
Will I need a medical examination?
Requirements vary. Some applicants may qualify for underwriting without a traditional medical exam, while others may need additional health information or testing.
Is a term life insurance death benefit taxable?
Life insurance death benefits are generally excluded from federal gross income when paid because of the insured's death, subject to exceptions. Interest and certain ownership or transfer arrangements can affect tax treatment. Consult a qualified tax professional.
Their Future Matters. Your Next Step Matters Too.
You don't have to know exactly how much coverage you need before starting. Explore your options with Cedar Shield Insurance.
Insurance availability, premiums, underwriting classifications, policy features, and conversion privileges vary by insurer and jurisdiction. Quotes do not bind coverage. Coverage is subject to insurer approval and applicable policy requirements.