- Want inexpensive protection
- Need to buy protection for a specific, limited purpose
- Cash value is not a concern
Ideal for clients who:
Because of these features:
- It’s the least expensive policy in the short-term
- Term insurance has level premiums for a set amount of time before it runs out, so it works best when your need disappears — such as protecting your mortgage until it is paid for
- It generally does not provide a cash component
Key benefits of term life
Provide a death benefit
Your loved ones get a guaranteed, tax advantaged death benefit if you die
This can protect your family from your early death and help ensure that your plans for them still come true
Pay fixed premiums
Enjoy affordable protection with fixed premiums for terms of 10, 15 or 20 years
Explore conversion options
You can convert to permanent life insurance, even if your health deteriorates
Ask AuguStar
What makes term life insurance unique?
In space, we tend to focus on the infinite. But in life insurance, there’s sometimes a need for shorter term coverage. Term is considered the simplest form of life insurance, because it generally has the lowest out-of-pocket cost to provide death benefit protection for your loved ones should you die. Still, you can convert from “term to perm” if your protection needs change.
Explore term life
Now that you understand why term life insurance may be right for you, contact your financial professional to learn more.
FlexTerm Series XII policies ICC18-TR-1/1U, Plus ICC18-TR1.P/1U.P) and any state variations are underwritten and issued by, and guarantees based on, the claims-paying ability of AuguStar Life Insurance Company.
Products issued by AuguStar Life Insurance Company, member of Constellation Insurance, Inc. family of companies. Product, product features and rider availability vary by state. Guarantees are based on the claims-paying ability of the issuer. Issuer not licensed to do business in New York.
Premiums are based on the age of the insured at nearest birthday and specified underwriting classification and is subject to change without notice. Premiums for issued policies may be different than a quote premium based upon actual underwriting classification. The premium stated in the policy is guaranteed to remain level for the term of the policy. Term products convertible to the end of the level term period or to the policy anniversary date nearest the insured’s 70th birthday, whichever occurs first. Conversion options vary by term product. The policy includes certain limitations during the first two policy years.