Learn, Life & business
Term life insurance
What term life insurance is, how coverage works for a set 10, 20, or 30-year term, and how term rates compare to whole life for income protection.
Term life insurance pays a death benefit if you die during a set period (the term), such as 10, 20, or 30 years. It is designed to replace income and protect dependents during high-need years.
American Family publishes term and permanent options on its compare life options page. Nelson & Associates helps you apply for carrier products in 20 licensed states.
Term is typically the most affordable way to buy meaningful life coverage. It does not build cash value like permanent life products. The right amount depends on debts, income, and who relies on you.