Term Life Insurance
Term life is the simplest, most direct form of life insurance. It covers a specific window of time — 10, 20, 30 years — and pays a tax-free benefit to the people you name if you pass away during that window.
If you have a mortgage, a young family, or a window of life you specifically want to protect, term is usually the right starting point. It is designed for exactly that: covering a defined period at the lowest cost per dollar of coverage.
Think of term as paying for protection, not for savings. There is no cash value building up inside the policy. You pay a level premium for the term, and if the covered event doesn't happen, the policy simply ends when the term is up. Many families layer multiple term policies for different needs — a 20-year to cover the mortgage, a 10-year to bridge an income gap.
The two main decisions are length and amount. Length should match the longest obligation you'd want covered — not just the mortgage, but the years of income your family would need to replace. Amount should reflect income replacement, debts, and future obligations like college. We walk through both with you so the answer isn't a guess.
Who it typically fits
- Parents with children at home who need income replacement for a defined period.
- Homeowners with a mortgage balance and years remaining on the loan.
- Business owners with a buy-sell agreement or key-person need.
- Anyone who wants the maximum coverage per dollar of premium.
- People who already have retirement savings and don't need permanent coverage.
Frequently asked questions
How long should my term be?+
What happens when the term ends?+
Can I get coverage without a medical exam?+
Will my premium change?+
What if my health changes after I apply?+
Moving Mountains Advisors does not guarantee approval, rates, or outcomes. Insurance product features vary by carrier, state, age, and health. All examples above are educational and not an offer of coverage.
