Frequently Asked Questions
How is term life insurance different from permanent life insurance?
Term life provides coverage for a set period at a lower cost, while permanent life lasts a lifetime and builds cash value.
What happens if I outlive my policy?
If the term ends while you’re still living, the policy expires with no payout. However, you may have options to renew or convert to permanent coverage.
Can I convert my term policy to permanent coverage?
Yes. Many insurers allow conversion without a medical exam, giving you the ability to switch to lifelong coverage later.
Are term life insurance payouts taxed?
No. The death benefit from a term life insurance policy is typically paid tax-free to your beneficiaries.


