Term life insurance
What is term life insurance?
TruStage Term Life Insurance offers financial coverage for your loved ones for a certain number of years. This means if you were to pass away while your term life coverage is in place, your loved ones would receive a benefit payout. It’s typically tax-free and can help cover financial responsibilities like childcare, tuition or mortgage in the absence of your income.
Your initial monthly rate is based on your gender and age when your application is approved. Rates increase every five years as you reach a new age band (30, 35, 40, 45, 50, 55, 60, 65, 70 and 75).
How does term life insurance work?
A term life insurance policy is designed to be affordable, while helping protect your family through a specific number of years. As long as your term insurance plan is active and premiums are paid, your family will be covered.
When your policy term ends, you could choose to renew your coverage or convert it to a whole life insurance policy. Starting a term life policy is designed to be simple — there are no medical exams, and the application process takes only a few minutes online or over the phone.
How term life compares in cost
Term life insurance policies typically cost less than whole life because they offer coverage only for a certain period of time. As a cost-effective choice, term life could help you secure a higher amount of coverage at a lower price point. This may be especially helpful for your family during a phase of life with greater expenses.
What are the benefits of term life insurance?
Helps cover financial responsibilities with flexibility
As your coverage expires or your needs change, you could renew your policy or convert your term life insurance coverage to whole life insurance.
Typically offers lower premiums
The lower premiums that come with term life help keep the cost of coverage within budget, even when you’re managing other monthly expenses.
See monthly rates
How does term life insurance work?
A term life insurance policy is designed to be affordable, while helping protect your family through a specific number of years. As long as your term insurance plan is active and premiums are paid, your family will be covered.
When your policy term ends, you could choose to renew your coverage or convert it to a whole life insurance policy. Starting a term life policy is designed to be simple — there are no medical exams, and the application process takes only a few minutes online or over the phone.
How term life compares in cost
Term life insurance policies typically cost less than whole life because they offer coverage only for a certain period of time. As a cost-effective choice, term life could help you secure a higher amount of coverage at a lower price point. This may be especially helpful for your family during a phase of life with greater expenses.
What are the benefits of term life insurance?
Helps cover financial responsibilities with flexibility
As your coverage expires or your needs change, you could renew your policy or convert your term life insurance coverage to whole life insurance.
Typically offers lower premiums
The lower premiums that come with term life help keep the cost of coverage within budget, even when you’re managing other monthly expenses.
Get a term life insurance quote
With TruStage, you can get a quote for term life insurance in minutes. Our application process is designed to be simple:
- No medical exams or intrusive tests
- Coverage begins once your first premium is paid
- Get a full refund if you cancel within 30 days
Compare policy features
| Features | Term life | Whole life |
| Pays a death benefit |
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| Coverage is for a set period of time |
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| Lower monthly rates |
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| Rates and coverage stay the same for life |
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| No medical exams |
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| Coverage begins with your first payment |
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Frequently asked questions
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Term life insurance is a type of life insurance designed to last for a certain number of years. Its purpose is to help protect your family financially for a period of time.
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You can choose for your term life coverage to last for a fixed amount of time or until you reach age 80. Rates increase every five years as you reach a new age band (30, 35, 40, 45, 50, 55, 60, 65, 70 and 75).
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TruStage Term Life Insurance could be a great option if you have new financial responsibilities and want to help financially protect your loved ones. It typically offers lower monthly rates, which may help you afford more coverage as your responsibilities change. With expenses like a mortgage, dependents and debt, term life coverage could be the backup plan your family would need if you were to die.
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During a major life event — such as getting married, buying a home or having a child — is a good time to consider getting term life insurance. This coverage could help your loved ones keep up with expenses after your death.
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The right amount of term life insurance depends on your family’s needs. As you choose your coverage, it may be helpful to consider the total cost of your family’s monthly expenses or the specific bills you’d like to cover. Just remember, any amount of coverage could make a meaningful difference for your family.
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You can apply for TruStage Term Life Insurance online or over the phone in minutes. No medical exam is required, and we ask just a few simple questions.
Why choose TruStage?
Trusted by millions
Over 42 million people trust TruStage for insurance solutions tailored to real-life budgets and needs.¹
Financial strength
CMFG Life Insurance Company, a TruStage Company, was rated “A” (Excellent) as of December 2025 by A.M. Best.²