Term Life

Product

A term life insurance policy pays a death benefit if the insured person dies during the term of the policy. The term may be for a fixed period, such as 10, 20 or 30 years, or until the insured person reaches a set age, such as 65.

A term life insurance policy is a death benefit under Assuris protection.

Assuris Protection

If your life and health insurance company fails, Assuris guarantees that you will retain up to $1,000,000 or 90% of your death benefit, whichever is higher.

Example 1

Death benefit

$750,000

Original
benefit amount

Since your death benefit is less than $1,000,000, you will retain your full benefit amount.

$750,000

Protected benefit amount

Example 2

Death benefit

$1,500,000

Original
benefit amount

Since your death benefit is more than $1,000,000, you will retain 90% of your benefit amount.

$1,350,000

($1,500,000 × 90%)
Adjusted benefit amount

If your life insurance has associated benefits and riders, click here.