An insurance policy that provides a potential death benefit covered over a fixed period of time. At Everlife Financial, you can choose the term coverage anywhere from 5 to 40 years. After the end of the term, the policy no longer provides death benefit coverage. This is why they are often characterized as temporary insurance. There is no cash accumulation, which helps keep the cost relatively low. They can easily be renewed or converted to a Whole Life or Universal policy. Term Insurance can often be the best choice of life insurance protection meeting your needs now and fitting comfortably within your budget.