Get Covered Today in 3 Easy Steps!
Face amounts starting at $100K
Coverage choices for initial term1 (10 or 20 years)
Available up to age 70
Option to convert to permanent insurance may be available
Renewable up to age 95
Optional riders to enhance your policy
Affordable premiums
Avoids the delay and expense of probate, in most cases
Level premium payments for the original term periods
Death benefits are generally tax-free to your named beneficiaries
1Dependent upon age of insured
Term life insurance offers temporary coverage for a set number of years and affordable, level premium payments. Term life insurance can help your loved ones cover short-term needs, such as paying off a mortgage, outstanding debts or education expenses.
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Riders may be subject to underwriting and availability. See agent for complete description and rules of each rider and benefit, including limitations and exclusions.
Bankers Life offers ReliaTerm,® convertible term life insurance, which can be changed into a permanent insurance policy to help pay for debts or education expenses.
Step one in obtaining term life insurance is completing an application. Our underwriters will review your medical history to determine if your application is acceptable, and to identify your risk classification. You may need a medical exam. Your premium amount will be determined by the amount of insurance coverage you request, your age, gender and risk classification.
Our knowledgeable insurance agents/producers sit down with you to understand your preferences and goals. They'll provide you with simple, clear choices and help customize a policy that meets your individual needs. You can count on your insurance agent/producer to help make complex financial decisions about your future easier.
With a history dating back to 1879, there are some things that never change. At Bankers Life, that means taking a personalized approach to help protect the individuals and families we serve. We focus on helping you improve upon your financial security, particularly as you enter and navigate retirement.
Our goal is to provide excellent service to every policyholder and make your life easier when it comes to your claims. In 2024, Bankers Life paid life insurance claims to over 650,000 policyholders, totaling $252 million.
