Term life insurance
Level and renewable terms, age limits, premium changes, best uses, and exclusions.
Term life pays a death benefit during a fixed period at a relatively low premium, usually with little or no surrender value, and is best for a temporary income gap such as dependent or mortgage years.
Benefits may vary by: insurer · employment status · municipality · household
Get professional or administrator help: Get a survivor-pension estimate before setting the insured amount.
Review due: 2026-10-30
Key points
- Best for parents, mortgage borrowers, and temporary income gaps.
- Renewable term reprices upward at each renewal and has an age ceiling.
- Survivor pension and employer death benefits reduce the amount you need.
- A suicide-exclusion period and disclosure rules apply.
Size it against the real gap
Do not insure the full salary. Add debts, household income to independence, and education, then subtract survivor pension, employer benefits, assets, and the surviving partner’s earnings. Level term for the whole dependent period is usually simpler than short renewable term.
Who this is for
- Residents mapping protection before shopping for private insurance
What this is not
- A quote, policy ranking, or individualized recommendation
- Eligibility, contributions, waiting periods, exclusions, and benefit amounts can vary. Confirm your case with the administering insurer or authority before acting.