How it works
You pick a coverage amount (commonly $250K–$2M) and a term (10, 20, or 30 years). You pay a level monthly premium for the whole term. If you pass away during that term, your beneficiaries receive the full coverage amount tax-free. When the term ends, the policy ends.
Who term life is best for
- Parents who want to replace lost income while kids are still home
- Homeowners who want a policy that outlasts the mortgage
- Business owners with debt, partners, or a key-person concern
- Anyone who wants the most coverage for the lowest premium
Term life vs. universal life
Term is the cheapest way to buy a large death benefit. Universal life is permanent — it doesn't expire — and builds cash value, but premiums are higher. See universal life →
What it costs (rough ranges)
A healthy 35-year-old non-smoker can often get $500,000 of 20-year term life for $25–$40 per month. Smokers, older applicants, and people with health issues will pay more.
How to apply
Most applications take 10–20 minutes online. For many applicants, no medical exam is required. Start an Ethos quote →