Term Life Insurance: Basic Coverage at an Affordable Price

This basic coverage is affordable and straightforward. Term life insurance provides a definite amount of coverage for a specific amount of time, at a rate that doesn't change during that term.

Why choose term life insurance?

A lot of people find peace of mind in this lower-cost life insurance. It’s a good feeling to know that even if you pass away, your loved ones will have the money they need to cover:

  • mortgage or rent
  • education
  • medical bills
  • funeral costs
  • lost income
  • other expenses

In some cases, your coverage can last even longer than the term you chose. You usually have the option to extend your coverage beyond the initial term, which means annually increasing premiums. Or, if eligible you can convert your coverage to whole life insurance before your policy expires, which provides life-long coverage at a higher premium.1

How it works

Whether you need a policy for a short period of time or several decades, you choose the term that’s right for you:

  • 10 years
  • 15 years
  • 20 years
  • 30 years
 
And the coverage amounts are up to you! Choose an amount from $50,000 to more than $1 million – this is known as the death benefit. Keep scrolling to discover other ways to customize your policy.

Milestone moments

Throughout life, your priorities will change and can prompt an important discussion about life insurance. Here’s just a few of those situations:

  • Marriage or divorce
  • Birth or adoption of a child
  • Starting a new job or switching careers
  • Launching a new business
  • Taking on a mortgage or other debt
  • Co-signing someone else’s loan

Want to compare life insurance policy types? See them side-by-side. 

Add-on features

In the insurance world, we call these extra features “riders.” But we’re leaving the jargon behind and calling them what they are – add-ons, kind of like that side of sour cream you get for a small fee. Here are the features you can add to your term policy at an extra cost. 

Choose up to $50,000 of term insurance for each of your kids ages 0-17. In addition to current coverage, it gives them the opportunity to convert the policy to whole life insurance at age 23 without additional medical exams. This is a great way to help your children start to build a solid financial foundation. 

If you become disabled before age 65 and can’t work for a specific period of time, you won’t have to make premium payments to keep your life insurance policy active. It gives you one less thing to worry about when dealing with a serious illness or injury. 

This lets you access a portion of your policy’s death benefit while you’re still alive to help ease the financial burden that often comes with a terminal illness.2 If you die while your policy is active, the death benefit paid to your loved ones would be reduced by the amount you advanced. There is no additional cost for this feature. 

Available for your 20- or 30-year term policy, this option gives you back the base annual premium payments you made and the cost you paid for the Return of Premium (ROP) add-on if you’re still living at the end of the term.3 If you’re hesitant to buy life insurance because you think you’ll outlive the coverage, adding ROP can provide funds for the future if you live past the term of the policy. 

Term life insurance is a good option if you only need coverage for a certain length of time, like while you’re raising kids or paying off a mortgage. With our Insured Term Rider option, you can essentially build your own coverage to help meet specific needs for the stage of life you’re in. For instance, if you passed away, the money from a life insurance death benefit could help ensure your family stays in their home. Or, it could help pay for your kid’s college expenses. This option can help align your coverage to when those life moments will occur.

Budget-conscious rates

A term life policy is the least expensive way to buy a large amount of life insurance that stays with you for a certain amount of time – as long as you pay the premiums.

Term life insurance is more affordable than you may realize! 

Buying your policy

We know you have a busy life and filling out a lot of paperwork isn’t at the top of your list of fun things to do. That’s why we keep the life insurance application process as simple as possible.

Depending on your coverage needs and policy choice, you may even be able to skip the medical exam with our simplified or accelerated underwriting process! Ask your representative if you might qualify for a no-exam application. 

How can I request a quote?

Reach out to your rep. They’ll help you understand your options and select what works best for you. 

COUNTRY Financial® is the marketing name for the COUNTRY Financial family of affiliated companies (collectively, COUNTRY), which include COUNTRY Life Insurance Company®, COUNTRY Mutual Insurance Company®, and their respective subsidiaries, located in Bloomington, Illinois.

Policies issued by COUNTRY Life Insurance Company®, Bloomington, IL. 

The information and descriptions contained here are not intended to be complete descriptions of all terms, conditions and exclusions applicable to the products and services. The precise insurance coverage under any COUNTRY Life insurance product is subject to the terms, conditions and exclusions in the actual policies as issued. Products and services described in this website vary from state to state and not all products, coverages or services are available in all states. 

1 Conversion privilege subject to policy restrictions and availability. Increase in death benefit subject to evidence of insurability. Certain restrictions apply and you should refer to your term life insurance policy or rider, or speak to your COUNTRY Financial representative, for availability and further details.  

2 A physician must certify you as chronically or terminally ill.

3 The Return of Premium Rider returns the annual premium paid for the base policy and the Return of Premium benefit. It does not return premiums paid for additional charges or optional benefits. See your policy for full details.

Term Life Insurance: ICC17(RCT), RCT(ND17), and RCT(FL17) 

Child Term Rider ICC18(CTR) 

Nonconvertible Disability Waiver of Premium Rider ICC17(NCDWP265) 
Accelerated Death Benefit Due to Terminal Illness Rider ICC19(ADBTI) 
Return of Premium Rider ICC17(ROP) 
Convertible Disability Waiver of Premium Rider ICC17(CDWP265)  

For product and service information, read our Terms & Conditions.