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Level Premium Convertible Term insurance: 10-20 Year Level Premium.

When affordability is key.

What Is It?

Our 10-20 Year Level Premium Convertible Term insurance provides affordable temporary life insurance protection.

With this insurance, you can choose a payment period anywhere from 10 through 20 years. The premiums are guaranteed to remain level for the time period you select. Thereafter, the premiums will increase annually.

After the period ends, you can renew your coverage for a higher premium, without having to provide evidence of good health. You can also convert it to a permanent life insurance policy which builds cash value and may earn dividends, if declared (dividends are not guaranteed).

Keep in mind, term insurance is pure insurance protection. It does not build cash value like a permanent or whole life policy.

Is it right for me?

This type of term insurance may be appropriate when coverage is needed for a well-defined period of time of more than five years, but less than 20.

Level Term insurance 10-20 can be the optimal choice when:

  • You need life insurance coverage, but also need to consider your budget.
  • You need coverage for certain period of time.
  • You want to ensure your family is protected (insurance death benefits can help pay a mortgage or fund a child’s education), in the event that you are no longer around to provide for them.
  • You want to protect your business (insurance death benefits can ensure business continuation by helping to cover business expenses).

Our product fact sheet, which can be obtained through this link, can give you more details.

Please note: In Oregon, the Level Premium Convertible Term policy form number is 210-60.27.