10, 20 or 30 Year Term?
Match the coverage period to the years your financial responsibilities are highest.
The planning principle
The useful term is usually the period during which a major financial need exists. Consider years until children are independent, a mortgage payoff date, retirement, and how long replacement income may be needed.
What to review
Start with the financial objective, then compare policy or contract provisions, affordability, guarantees, non-guaranteed elements where applicable, and the consequences of changing the plan later. Product availability and underwriting vary.
Use the complete planning guide.
The guide on the main topic page includes a worksheet and comparison questions you can use before a coverage conversation.
Get the Free GuideEducational information only. This page is not tax, legal, investment, or individualized insurance advice. Review actual carrier and policy materials before making a decision.