Physicians Life Insurance Company® —
a member of the Physicians Mutual family
Term life insurance is an affordable option if you’re looking for up to $50,000 of coverage.
This coverage can help pay for things like funeral costs, medical bills or even household expenses. Planning ahead can help give your loved ones peace of mind knowing they have one less thing to worry about.
Protection made easy
Term life insurance is simple. All you have to do is choose how much coverage you want and how long you want it for — 10 or 20 years. There’s NO medical exam. You just answer two simple health questions to qualify for coverage.
How does term life insurance pay out?
Term life insurance benefits are paid when the insurance policy holder has died. The beneficiary(ies) will receive the insurance policy benefits after the death claim has been filed.
What happens at the end of the term?
Generally, if you outlive your term life insurance, you have the option to convert it to a whole life insurance policy or to buy another term life insurance policy.
Term life insurance coverage details
View the coverage details below for protection up to $50,000.
Ages 18 — 60 for a 20-year term
- Pay burial and final expenses
- Pay last medical bills
- Cover remaining credit card and other debts
- Strengthen existing life insurance coverage
- Review your insurance policy for 31 days with no obligation — and receive a full refund if you choose to cancel
- Renew your coverage at the end of each term until you turn 95
- Convert your coverage to a whole life insurance policy at any time during the term of your coverage
High benefit term life insurance
Our High Benefit Term Life Insurance offers a greater amount of coverage — up to $250,000 — to help replace income, or to help with higher financial obligations, such as tuition or mortgage payments. It can help ensure your loved ones maintain the lifestyle you've worked so hard to provide. Contact one of our Agents/Producers to see if this coverage is available in your state.
We’re here to help
Our Agents/Producers offer the personal service you deserve and the expertise you can trust. They will take the time to understand your specific needs and will provide an insurance solution that's right for you. We're proud to have reliable Agents/Producers across the country.Contact Us