Term Life Insurance for Massachusetts Residents

Term life insurance is protection that is designed to meet temporary insurance needs. For instance, you may decide that you want coverage until your children graduate from college; or, until a particular debt like your mortgage is paid off. Term insurance covers you for a specific period of time, generally from one to thirty years, and pays a death benefit only if you die during the term.

Term insurance is the most basic type of life insurance and typically the least expensive. This makes it an attractive option for many young couples and individuals. You can buy higher amounts of coverage when the need for protection is usually at its greatest.

As with all types of life insurance, the death benefit is paid to your beneficiaries completely income tax free. If you stop paying premiums and allow the policy to lapse, there is no cash value paid out to you, and the coverage simply ends.

Term Life Insurance is:
  • The least expensive type of life insurance.
  • Protection for temporary needs, i.e. mortgage or college.
  • May be a good choice for young families and individuals.

The downside is that the cost of your new policy may be significantly higher than the cost of your initial term policy, as your current age and health are factored in the price. If you think that you might need permanent life insurance, or if you’re interested in life insurance that may build cash value that you can use in the future, you may want to consider whole life, universal life, or variable life insurance.

If you have any specific questions regarding any life insurance coverage we offer please call 1.866.3.INSURE or click here to fill out the life insurance request a quote form and have one of our knowledgeable agents contact you at a time that suits you best.
Life FAQ