Simple, affordable
protection
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Affordable
Usually the lowest cost option for protection.
Simple
Straightforward protection with no added features.
Flexible
Choose how long you want coverage: 10, 20, or 30 years.
What Is Term Life Insurance?
Term life insurance is a type of life insurance that provides financial protection for a set period of time. If the insured person passes away during that period, the policy pays money to the people they chose. You pick the length of coverage that fits your needs, whether that's 10, 20, or 30 years. It's the most affordable kind of coverage and offers a simple way to protect what matters most.
How Term Life Insurance Protects You
Term life keeps it simple. Here's what it covers and why it matters.
Income replacement
Replaces your paycheck so your family can keep their lifestyle.
Mortgage protection
Helps pay off the house so your family stays in their home.
Debt coverage
Covers loans, credit cards, and other balances you leave behind.
Children's future
Funds education, childcare, and the things they'll need growing up.
Business continuity
Keeps your business running if you're no longer there.
Peace of mind
Know that the people who depend on you are taken care of.
"Why I Chose Term Life Insurance"
"I wanted to make sure my son would be okay if something ever happened to me. Term life gave me peace of mind without stretching my budget."
"We just bought our house, and I didn't want my wife and kids to worry about the mortgage if I were gone. The coverage gives me peace of mind while we're paying it off."
"I've built something that depends on me. If I'm not around, life insurance gives the business a cushion to stay afloat and figure out next steps."
The smart way to
get term life insurance.
At Ozzo, we search the market and bring you the best plans out there.
Affordable
From $8/month.
High
coverage
Payouts as high as $10M.
Top-rated
carriers
Rated A or higher.
Industry
longevity
100+ years strong.
Every plan we offer meets these standards and more.
Ready to shop for coverage like a pro?
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A Closer Look at Term Life
Find your answers on term life insurance.
A common rule of thumb is 10 to 15 times your annual income, but it depends on your situation. Consider your mortgage, debts, how many people depend on your income, and future expenses like education. Try our coverage calculator to find the right amount.
You pick a coverage amount and a term length (10, 20, or 30 years). You pay a fixed monthly premium. If you pass away during the term, your beneficiaries receive the full death benefit. If the term ends and you're still alive, the coverage expires.
Match your term to the time you need protection most. If you have a 30 year mortgage, a 30 year term makes sense. If your kids are young, consider how many years until they're financially independent. The goal is to cover the period when your family depends on your income.
Not always. Many carriers now offer no-exam term life policies with a quick health questionnaire. Policies that require an exam often come with lower premiums. We show you both options so you can choose what works best.
Here's how they compare:
| Term Life | Whole Life | |
|---|---|---|
| Duration | 10, 20, or 30 years | Lasts your entire life |
| Premiums | Fixed during term | Locked in forever |
| Cash value | None | Builds over time |
| Cost | Most affordable option | Higher premiums |
| Best for | Temporary needs, tight budgets | Lifelong coverage, legacy, cash growth |
When your term ends, your coverage expires. You can typically renew at a higher rate, convert to a permanent policy, or apply for a new plan. If your needs have changed, this is a good time to reassess what kind of coverage makes sense going forward.
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