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Term Life Insurance

Simple and affordable coverage designed for you.

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Easy, budget-friendly protection.

BetterLife’s Term Life Insurance is easy-to-understand and customizable. It can cost less than your monthly phone bill or coffee budget. At BetterLife, we believe that spending a small amount of money is absolutely worth protecting the people you love most.

Affordable Rates

Term Life insurance is the most affordable life insurance option available. It is ideal for individuals and families who are on a budget and need protection for themselves and the people they love most.

Guaranteed Premiums

You’ll pay level premiums throughout the entire initial term, which can be 15, 20, or 30 years. After the initial term ends, premiums increase each year.

Conversion Option

You can convert your policy to whole life or universal life insurance during your policy’s conversion period (see below for more details). If you take advantage of this option, you are guaranteed to qualify for life insurance at the time of the conversion.*

Income Tax-Free** Death Benefit

When the time comes, your beneficiaries will receive an income tax-free death benefit. This important benefit helps ensure the people you love will be able to live comfortably in your absence.

*Guarantees are backed by the financial strength and claims-paying ability of BetterLife. **According to tax laws IRC Sections 101 & 7702.

Is BetterLife Term Life insurance right for you?

  • You can choose from 15, 20, or 30-year terms
  • Premiums are guaranteed to never increase during the initial policy term (15, 20, or 30 years)
  • After the initial policy term, your policy will renew each year and your rates will be assessed based on your age
  • Choose from several different payment options, including monthly, quarterly, semi-annual, and annual
  • Payments can be automatically deducted from your bank account for simplicity and ease
  • Your life insurance stays with you for the entire policy term, even if you change jobs
  • Our conversion option guarantees* that you will always be able to have life insurance, as long as you pay your premiums and convert to whole or universal life insurance. You can convert your policy until the end of the initial term or age 70, whichever is earlier.
  • Policies available from $50,000 to $500,000+

Download Our Term Life Info Sheet

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BetterLife Member Benefits

Did you know that when you purchase a life insurance policy with BetterLife, you are automatically eligible to apply for any of our exclusive Member Benefits?

Our Member Benefits are designed to help you live a Better Life and range from assistance with out-of-pocket health expenses to funds that can help you support your community.

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Ready to learn more about our Term Life insurance?

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