Term life insurance
Term life insurance provides affordable, temporary coverage, usually 10 to 40 years, to help support a family or cover debts. It pays a tax-free death benefit if the policyholder dies during the term. Unlike permanent insurance, it doesn't build cash value but has lower premiums that stay fixed during the term. After it ends, premiums increase, so planning ahead is key.

Benefits of a term life insurance policy
Term life insurance from Protective

Protective® Classic Choice term is designed to be affordable today with options for the future.
- Term periods from 10 to 40 years
- Coverage amounts from $100,000 to $50,000,000
- Options to convert to a permanent policy without a medical exam if your needs change.*
- Guaranteed, level premiums
- Income tax-free death benefit to your beneficiaries
See how affordable life insurance can be.
* Conversion options will vary based on term length and product availability and pricing for your new policy is subject to change, though you will retain your original risk class
Customize your policy with life insurance riders
Get coverage for as little as $25/month
Types of term life insurance
There are several different types of term life insurance policies available, each designed to meet specific coverage needs and financial goals, including:
- Level term life insurance: Fixed death benefit and level premium throughout the term.
- Decreasing term life insurance: Death benefit declines over time, often used to cover shrinking debts like a mortgage.
- Renewable term life insurance: Can be renewed without a medical exam, though premiums typically rise with age.
- Convertible term life insurance: Can be switched to permanent coverage without a new medical exam.
To explore more options and better understand your choices, visit our guide on types of life insurance.

What can a term life insurance policy provide?
How to apply online
Get a term life quote
Common questions about term life insurance
Term life insurance works by providing a fixed death benefit if the insured dies during the policy period, typically 10-40 years. The limited timeframe for payout makes term life less expensive than permanent life insurance.
While term life policies provide coverage for a limited timeframe, i.e., 20 years, whole life policies feature a guaranteed lifetime death benefit (when required premiums are maintained) and can build cash value that can be borrowed against. These additional whole life benefits make it more expensive than term life.
The amount of term life insurance needed varies by individual and often includes funding to replace income, pay off a mortgage and other debts, and/or cover specific expenses, like a child's education. Here's a tool to help with that calculation.

While you can save significantly with a Protective Classic Choice term life insurance policy, affordability is just one reason to choose Protective. We've remained committed to helping protect families and support the communities where we live and work since our founding in 1907.
Our financial strength is reflected in consistently strong ratings from major independent rating agencies, demonstrating our ability to meet long-term obligations to policyholders.
Helpful resources for you
³ Not all term policies include this option. Check with your agent or company representative for specifics regarding your policy's terms and conditions.
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