Term life insurance quotes for Texas families
Term life insurance pays a death benefit if you die during a set period, such as 10, 20 or 30 years. It is the most affordable way to protect your family’s income while the kids are young and the mortgage is large.
How term life insurance works
You pick a coverage amount and a term and pay a level premium. If you die during the term, your beneficiaries receive the death benefit, which is generally income tax free. When the term ends, so does coverage unless you renew, and renewal premiums are usually much higher.
Many policies include a conversion option to switch to permanent coverage without a new medical exam.
Who term life is best for
Term fits parents, homeowners and anyone with a temporary obligation: replacing income, paying off a mortgage, or covering childcare and college. Match the term to your longest obligation, such as a 30-year mortgage.
Not sure how much? Read how much term life insurance you need.
Pros, trade-offs and pricing
Pros
- Lowest cost for a large death benefit
- Simple to understand
- Level premiums for the whole term
Trade-offs
- Coverage ends when the term does
- No cash value
- Renewing later costs more
What affects your price
- Age and health
- Tobacco use
- Coverage amount and term length
- Family medical history
Frequently asked questions
How much does term life insurance cost?
It depends on your age, health, tobacco use, coverage amount and term length. The fastest way to see real numbers is to run an instant quote and compare carriers.
What term length should I choose?
Choose a term that lasts until your longest financial obligation ends, such as the last mortgage payment or when your youngest child finishes school.
Can I get term life insurance quotes without a medical exam?
Often yes. Some carriers offer no exam term policies, usually at higher rates than fully underwritten coverage.
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