Common Term Lengths:

• 5 years: Suitable for short-term financial obligations, such as a car loan or credit card debt.

• 10 years: Ideal for individuals who want to ensure coverage until their children are older or until they pay off a significant debt.

• 15 years: A popular choice for those who want to cover their mortgage or other long-term financial commitments.

• 20 years: Suitable for individuals with young children or those who want to ensure coverage until retirement.

• 25 years: Provides extended coverage for those who want to ensure their loved ones are protected for a longer period.

• 30 years: The longest term length available, ideal for those who want to ensure lifetime coverage.

Age Restrictions:

• Most insurance companies offer term life insurance up to age 80.

• Some companies may offer shorter terms, such as 10 or 20 years, for older individuals.

Renewal and Conversion Options:

• Many term life insurance policies offer renewal or conversion options, allowing you to extend or convert your coverage to a permanent policy.