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Term life insurance is protection at a price you can afford. Get a quote today.

What is term life insurance?

Term life insurance offers the greatest coverage for the lowest initial price and is a great solution for people with temporary needs or a limited budget. As the name implies, term life insurance provides protection for a specific period of time and generally pays a benefit only if you die during the "term." Term periods typically range from one year to 30 years, with 20 years being the most common term.

I want to learn more about life insurance.

Think about your longest financial obligation. If you have a 30-year mortgage, you may want to cover that with 30 years of term life insurance. Or, if you don't have a mortgage, think about how many years of income you would need to replace to provide for your family if something were to happen to you.
As with all life insurance policies, you pay premiums on your policy every year. But with term life insurance, there's one important difference: you pay premiums only for the length of the term. When the term ends, your premiums end, and so does your coverage. That means, if you were to die before the end of the term, your beneficiaries would receive the death benefit.

Because term life insurance provides coverage for a set period of time, it is easy to understand and is often the most affordable option, making it one of the most popular types of life insurance.

Lower premiums give you the ability to meet your financial obligations today, while still protecting your family's future tomorrow. So while you continue to save for college, pay your mortgage, take family vacations, and do all the other things families do, you can rest easy, knowing that should the unexpected occur - the mortgage, college and even funeral costs will be covered.

What is term life insurance best for?

Young adults with kids to send to college College tuition is ever-increasing, so having a regular savings plan is always recommended. A term life insurance plan can help cover your child's college education if something were to happen to you.
Folks with mortgage or other debt Having life insurance coverage may help cover future mortgage payments, keeping your family in the home they love.
Income replacement for surviving spouse Term life insurance aims at fulfilling your obligations today, and your family's needs tomorrow.
Buying more coverage on a budget Buy a term life insurance policy for up to 30 years with low premiums and flexible payment options.

Our term portfolio is designed to meet your coverage needs.

OPTerm policies are renewable and convertible term life insurance which provide a level death benefit.

How do I buy term life insurance?

Buying life insurance doesn't have to be complicated. We make it easy for you to protect your family's financial future.

Buying term life insurance coverage follows an easy 5-step process:

  1. Get a life insurance quote. If you are interested in term life insurance and already know how much you need, get a quote now.
  2. Fill out your application online or speak with an advisor to complete your application.
  3. During the application process, you may have to complete a free medical evaluation in your home or medical facility near you. The exam will include measurement of your height, weight, blood pressure and pulse rate; collection of blood and urine specimens; and in some cases, an electrocardiogram (EKG) is performed and/or a medical history report is requested.
  4. Once you've provided the required information, the insurance company will review it as part of the underwriting process. If you're approved, the company will notify you of your final health class and determine your premiums.
  5. Once you have been approved, you'll receive a copy of your policy. To activate your coverage, you simply sign it and return it along with your first premium payment.

What makes Legal & General America different?

We understand that this is a big decision, so you should feel confident that the company you choose to protect your family’s financial future will be around in 20 or 30 years to fulfill your policy, if needed. For over 65 years, we’ve been in the business of providing financial protection for American families. Keeping life insurance affordable, protecting your retirement, and providing high quality, efficient customer service are just the fundamentals for us.

Legal & General America is:

  • Affordable.

    We’re a leader in low cost, high quality life insurance.
  • Simple.

    We make term life insurance protection easy to understand and easy to purchase.
  • Convenient.

    You get to decide how often to pay for your policy. Never have to worry about missing a payment with our electronic funds transfer payment method. You can check your policy online, too!

When you make a decision to protect your family’s financial future with a term policy from Legal & General America, you’ll:

  • Have confidence in LGA’s overall financial strength ratings of A+ (Superior) from A.M. Best and AA- (Very Strong) from S&P and Fitch
  • Lock in level premiums guaranteed not to increase during the term period you choose (10, 15, 20, 25 or 30 years)
  • Be able to check your policy and pay premiums online.
Legal & General America life insurance products are underwritten and issued by Banner Life Insurance Company, Urbana, MD and William Penn Life Insurance Company of New York (Valley Stream, New York). Banner products are distributed in 49 states and in DC. William Penn products are available exclusively in New York; Banner does not solicit business there. Please refer to the policy forms for full disclosure of all benefits and limitations. Insurance policies contain exclusions, limitations, reductions of benefits and terms for keeping them in force. A licensed financial professional can provide costs and complete details. Banner Life OPTerm policy form # ICC12OPTN and state variations. In New York, William Penn OPTerm policy form # OPTN-NY. Two-year contestability and suicide provisions apply. Policy descriptions provided here are not a statement of contract. Premiums are guaranteed to stay level for the initial term period and increase annually thereafter. $60 annual policy fee. All financial strength ratings are current as of August 2017.