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Term life insurance

Term life insurance from Protective provides financial protection for a specific period of time, usually 10 to 40 years. See how affordable life insurance can be. Get your fast, free quote now!
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Term life insurance from Protective

The Protective® Classic Choice Term life product is designed to give you the affordability you need 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.1
  • Guaranteed, level premiums
  • Income tax free death benefit to your beneficiaries
  • Terminal illness rider — to allow for accelerated death benefits if your state allows this

1 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.
Savings based on premium comparisons with leading national life insurance carrier term products. Premiums were compared between the Protective Classic Choice Term life policy and the competitors’ term products for a 30-year old male with a $100,000 death benefit, select preferred non-tobacco underwriting class and a 10-year initial guaranteed premium period. Rates are effective as of January 25, 2022, vary by carrier and are subject to change without notice. Competitor policies may not be available in all states.

Reasons to consider term life insurance

With fixed, level premiums, term life insurance is simple to understand and this makes it appealing to many people.
Protective Life takes affordability to a new level with term life insurance rates typically well below the competition.
With term life insurance you select a policy term, typically 10 to 40 years, that could cover a specific period in your life.
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Five key things you should know about term life insurance

  • Provides financial protection for a specific period of time, usually 10 to 40 years.
  • Often used when you anticipate your family’s need for coverage lessening in the future.
  • Usually less expensive than permanent life insurance.
  • Does not build cash value.
  • Premiums can increase once your initial coverage period ends – so be sure to plan for the end of your coverage period.

Why choose term life insurance from Protective Life?
While you can save a lot of money with a Protective Classic Choice Term life policy, there are more reasons to buy from Protective. We were founded in 1907 with a mission to serve both the people and the communities in which we work. Our financial ratings attest to our strength and stability, and our people are the heart of the organization. Now find out what your peers have to say about doing business with us.
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Getting a term life insurance quote with Protective Life is easy!

See how affordable life insurance can be
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Common uses for term life insurance

Income replacement
Providing a few years of income replacement for families in their prime earnings years.
Children's education
A safety net should something happen to you while you’re saving for your child’s college education.
Divorce settlement
Satisfy requirements related to divorce, ensuring that alimony and child support can be maintained.
Mortgage payoff
Policy proceeds can be used to cover an outstanding mortgage balance or other debt.
Student loan
Policy proceeds can prevent your family from being burdened with covering student loans.
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Pros and cons of term life insurance

Pros of term life insurance

  • Typically the most inexpensive form of life insurance coverage
  • Allows you to purchase coverage for the specified time frame you need
  • Easy to understand and manage
  • Offers fixed, level premium payments

Cons of term life insurance

  • Renewal premiums can be expensive if you need to extend coverage beyond your initial benefit period
  • Death benefit and coverage length cannot be adjusted
  • Does not build cash value

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Common questions about term life insurance


Term life insurance policies provide coverage for a set period of time, i.e., 20 years. The death benefit is paid only if the insured dies during that timeframe. Term life is often less expensive than other life insurance policies but offers no cash value.

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.

What is the difference between term and whole life insurance?

You may have heard of term and whole life insurance but weren’t sure how they differ. Here’s a quick look.
A basic term life policy offers:
  • The flexibility to select the length of the available policy term that you desire
  • A more affordable option compared to whole life insurance
  • A level premium and death benefit for the length of the term
  • The option of renewing coverage when your term ends (typically resulting in a higher premium and possibly a reduced face amount) 2

A basic whole life policy offers:

  • Coverage for your whole life (as long as premiums are timely made, your policy will not expire)
  • Level premiums that won’t increase
  • A guaranteed death benefit that won’t decrease (unless cash value has been withdrawn and not repaid at time of death)
  • The potential to build cash value over time
  • The living benefit of cash value. Any cash value that may accumulate in your policy can be withdrawn or borrowed against and used for any purpose (important note: any outstanding loans or partial withdrawals that aren’t paid back will reduce your policy’s death benefit)

2 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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Get a term life quote

For more information on life insurance options, give us a call at 1-844-733-5433 and talk with a Protective Life Agent, or get a free online quote for the Protective® Classic Choice Term life policy right now.

Resources for you

The Learning Center can help you on your path to affordable coverage
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Complete medical exam
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Select the option that best refers to your health conditions.

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* The product quoted is the Protective® Classic Choice Term (ICC16-TL21 / TL-21) a term life insurance policy issued by Protective Life Insurance Company, Nashville, TN. Premiums increase annually after the initial guaranteed premium period. Not available in New York. Policy form numbers, product features and availability may vary by state. Consult policy for benefits, riders, limitations, and exclusions. There are no cash values. Up to a two-year contestable and suicide period. Benefits adjusted for misstatements of age or sex. In Montana, unisex rates apply. Any quote that is present is only an estimate and the actual premium and rate class will be determined after the underwriting process is completed. Neither Protective Life nor its representatives offer legal or tax advice. You should consult your attorney or tax advisor regarding your individual situation. The Company cannot increase the premium scale. All payments and all guarantees are subject to the claims paying ability of Protective Life Insurance Company.