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Term life

Protection for the years your family counts on you.

Term life pays a set amount to the people you name if you pass away during the term you choose. It is the most affordable way to protect an income, a mortgage or a young family, and a strategist compares the options for you.

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What term life does and does not do

What term life does

  • A set amount for a set term. You choose the coverage and the length, commonly 10, 20 or 30 years.
  • Level premiums. On most level term policies the premium stays the same for the whole term.
  • Paid to the people you name. The death benefit generally reaches your beneficiaries free of income tax.

What it does not do

  • No cash value. Term life is protection only. There is nothing to borrow against or cash out.
  • It ends. When the term is over, coverage stops unless you renew, usually at a much higher price, or convert it.
  • The price depends on you. Age, health and tobacco use set the premium, so applying younger and healthier costs less.

How we help

The right amount, the right length, the right company.

Buying term life is simple once the coverage is sized to your life. That is the part we do with you.

  1. 1Size it

    How much and how long

    We look at your income, your mortgage and debts, and the years your family would need support, then size the coverage and the term to match.

  2. 2Compare

    Shop the companies for you

    We compare term options from the 25 companies we are appointed with, so you see more than one price and more than one set of terms.

  3. 3Plan ahead

    Keep your options open

    Many term policies can be converted to permanent coverage without a new medical exam, within limits the policy sets. We point those terms out before you choose.

Term or permanent

Which one fits the need?

Many families use both: term for the years with the biggest need, permanent coverage for what should last a lifetime.

Term life

  • Lowest cost for the most coverage.
  • Fits a need with an end date: the mortgage, children at home, your working years.
  • No cash value, so every dollar of premium goes to protection.

Permanent coverage

  • Lasts for life as long as the policy stays in force.
  • Builds cash value you can use later, with indexed universal life or whole life.
  • Costs more per dollar of coverage, and fits lifelong needs and long-term planning.

Questions

Straight answers.

If yours is not here, call (307) 323-4657 and a person will answer it.

How much term life do I need?
A common starting point is enough to replace your income for the years your family would need it, plus your mortgage and other debts. Your strategist works through the real numbers with you.
How long should the term be?
Match it to the need: until the mortgage is paid off, until your youngest is on their own, or until you plan to retire.
Do I need a medical exam?
Not always. Some policies are approved from your application and health records, and others require an exam. It depends on your age, your health and the amount of coverage.
What happens when the term ends?
Coverage stops. Many policies let you renew year by year at a higher price, and many let you convert to permanent coverage before a set age or date without new health questions. The terms differ by policy.
Do you work in my state?
Yes. Tax Free Wealth Plan is a national firm with licensed specialists available in all 50 states. Product availability can vary by state, and your specialist confirms what applies where you live.

Begin

Find the right coverage in one call.

Free. Private. No obligation. All 50 states.

Get my free plan (307) 323-4657