Term Life Insurance

Affordable Term Life Insurance for Income Protection

Coverage for 10, 20, or 30 years to safeguard your family’s financial future

Flexible Term Life Policies Tailored to Your Needs

Term Life Insurance offers budget-friendly protection for a defined period—ideal for replacing income, covering mortgage balances, or funding your children’s education. At Peterman Insurance Services, our approach ensures you select the right term length and face amount so your loved ones have financial security when they need it most.

Customizable Term Lengths

Choose from 10-, 15-, 20-, or 30-year terms to align coverage with your financial obligations and goals.

Conversion Options
Convert your term policy to a permanent policy—like Whole Life or Universal Life—without additional medical underwriting. Learn more on our Whole Life Insurance page.

Level Premiums

Lock in the same premium rate for the entire term—providing predictable budgeting and no unexpected rate hikes.

Your Term Life insurance Questions, Answered

Get clear answers to common Term Life Insurance questions—so you understand how term coverage works and how to choose the right policy.

An affordable life insurance policy that provides a death benefit if the insured passes away during the specified term, offering cost-effective protection with no cash value component.

Match your term to major financial responsibilities—such as the years until your mortgage is paid off or until your children graduate—ensuring coverage when it’s needed most.

Options include renewing at a higher premium, converting to a permanent policy via a conversion rider (if available), or allowing the policy to terminate without further obligation.

Yes—many term policies include a conversion rider allowing you to convert to permanent coverage without underwriting, up to a specified age or term year..

Insurers assess your age, health status, lifestyle factors (like tobacco use), policy type, face amount, and term length to calculate your premium.

Most term policies require medical underwriting, including health questionnaires and possibly exams. Some simplified issue options offer limited coverage with no exam but higher premiums.