Term life insurance
Guardian Life offers term life insurance to shoppers looking for affordable coverage. Term life provides a death benefit for a specific duration of time (the term).
Term life can be bought at 1, 5, 10, 15, 20, 25, and 30 year terms depending on the company. The flexibility of term is one of the reasons personal finance gurus Dave Ramsey and Suze Orman recommend term life insurance, because it’s affordable and can meet your coverage needs.
When you buy a term life policy, you’ll select the term length and benefit amount. If you die within the term period, your beneficiary will receive the death benefit. If you are approaching the end of the term and you still want coverage- you may have a few options.
- One is to convert your policy to a permanent life insurance policy like a Guardian Whole Life policy if that option is available.
- The second, you can renew your policy annually.
- The third, you can purchase an brand new policy.
If you’re wanting to find out how much term life will cost you, visit our life insurance rates by age and find out what a policy could cost you.