How Long Should I Get Term Life for?
A website by Scott W Johnson and Marindependent Insurance Services LLC
CA Lic 0H11625 and 0K10734 – 415-294-5454
Two Types of Life Insurance
• Cash Value Policies
-Whole or Universal
-Life Insurance Mixed with
an Investment Component
• Simple Term Life
-Pure Life Insurance
-Set Periods (10,20,30)
-No Investment Component
The 2 Major Considerations when
buying Term Life Insurance.
Death Benefit Amount
• How much you would like
the policy for. What Dollar
Insurance Policy Length
• How long will the Term Life
Insurance policy be for?
• 10 Year
• 15 Year
• 20 Year
• 25 Year
• 30 Year
• Other Options
Other consideration is Which Insurance Company?
Term Life Insurance Policy Length
How long should I buy level term life
10, 15, 20, 25, 30, or more?
We Explore this subject in our post
Term Life Length is Personal
• Deciding the length of term life insurance is a
• Things to Consider
-Age of your Children
-The Reason for the Life Insurance
-How Long will you need Life Insurance For?
Ten and Fifteen Year Term
• 10 Year
-Often Best for Stacking on to
another term policy.
-May be the best option that can
reasonably for people that have
really put off getting life insurance.
-Generally lowest cost term product.
• 15 Year
- May be great for families that have
put off buying life insurance for a
-Still Relatively cheap, but possibly
long enough to cover some time.
-Can be a nice medium area between
10 and 20 year term policies.
The Twenty Year Term
• The 20 year term is usually one of the most
popular options for term life length.
• It is a really good option for new parents.
• It’s a nice happy medium between the
shortest and longest of the term life lengths.
• Fairly priced.
The twenty five and thirty year options.
• 25 Year Term
-A nice option for either slightly
younger parents of newborns or
possibly the mom.
-More expensive than the 20 year
but it can be reasonable.
• 30 Year Term
-Generally the longest of the true
-Hence it would be the most
-A great option if you buy term when
you are young.
Other Term Life Options
There are possibly some other
options, contact to discuss.
More information is available on our blog post.
Whole vs term life insurance . Com / term-life-insurance-policy-length
Life Insurance is Confusing
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