Term life insurance may be more valuable than you think

Many people think term life insurance only offers death benefit coverage. They also assume the best policies are the cheapest options. However, term life insurance can be so much more than price.

When looking for a term product, how do you know which one is right for you?

A financial professional can help

A great first step is determining how life insurance fits into your overall financial plan, but you don’t have to do this on your own.

Building a relationship with a financial professional will help you map out your goals and needs for life insurance.

Lock in your legacy

The death benefit from term life insurance can help cover your family in the event of a premature death.

Keep your options open

If you select a convertible term product, it can be turned into permanent life insurance and help you protect against life’s unknowns for the rest of your life, no matter how long that may be.

Converting from "term to perm" has its perks

Permanent insurance opens the door to not only death benefit protection, but also future cash value accumulation that can help supplement income or provide access to cash value for emergencies.

Choices are great but sometimes they can feel overwhelming. Fortunately, you can lean on your financial professional to help dial in the options that are right for you!

Health change? You're covered.

Should your health change during the term period, this term policy has you covered.

Keep your risk class

When you convert your term policy, the original risk class—based on your overall health status and risk factors at the time your policy was issued—is carried over to the new permanent policy, meaning you won’t lose the ability to protect your loved ones or make progress towards your financial goals, even if your health has changed.

Permanent Protection Plus

If you know that you want to convert to permanent protection, AuguStar^SM has you covered. Our Plus product lets you pick any of our permanent products when you convert. And if you know you’re going to convert to a permanent product in the next five years, our RecapTerm product not only lets you pick any product, it also applies the premium payments you’ve already made to your new product.

FlexTerm: A better alternative

Death benefit protection now
Optional riders offer additional flexibility for life’s changes
Conversion to permanent protection
Conversion options vary by product to suit your unique needs

Get started today

Permanent products provide death benefit and cash value growth potential. Contact your financial professional and let them help you learn more about these optional benefits, the different products you can choose from and which ones may be right for you.

Products issued by AuguStar Life Assurance Corporation, member of the Constellation Insurance, Inc. family of companies. 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. Product, product features and rider availability vary by state. Guarantees are based on the claims-paying ability of the issuer. Issuer is not licensed to conduct business in NY.

The optional Accelerated Benefit Rider provides for a partial acceleration of the policy death benefit in the event that the base policy insured is certified by a licensed physician as being chronically ill or terminally ill. By taking an accelerated death benefit payment, a lien is created against the policy death benefit. The lien accrues carrying charges at an adjustable rate we declare. The lien, including the lien carrying charges, will be deducted from the total death benefit otherwise payable to the policy beneficiary(ies) and will reduce the cash value available for policy loans, surrenders, or the exercise of any non-forfeiture option. The required premium for the policy must still be paid even if an accelerated death benefit is taken. If an accelerated benefit is taken and the policy lapses or otherwise terminates, a taxable event may occur. Any death benefit provided by an optional Accidental Death Benefit Rider is not available for acceleration under this rider.

Any accelerated benefit you elect to take under this rider may be taxable. Consult your tax advisor on all tax matters. Adding the rider to a life insurance policy or the taking of rider benefits may affect eligibility for certain public assistance programs and government benefits.

The Accelerated Benefit Rider is not designed to be a substitute for long-term care insurance, health insurance, or nursing home insurance. Rider benefits and features may vary by state.

THIS MATERIAL IS FOR USE WITH THE GENERAL PUBLIC AND IS NOT INTENDED TO PROVIDE INVESTMENT, INSURANCE OR TAX ADVICE FOR ANY INDIVIDUAL

2929LMP-Web 10-24

Need some guidance?

Our knowledgeable representatives are ready to help.