Term Life Insurance for Affordable Protection
High Coverage, Straightforward Cost
Term life insurance offers high coverage for a set period—often 10, 20, or 30 years—at budget-friendly rates. The Mitchell Agency helps families across Indiana and beyond choose a term that aligns with mortgages, college timelines, and income-replacement goals, then compares carriers to lock in value while you’re young and healthy. If your needs change, we’ll review convertibility options and next steps so your protection can grow with you.
How Term Life Works
If the insured passes away during the term, beneficiaries receive the policy's death benefit; if the term ends first, coverage stops. We'll explore convertible options or return-of-premium choices when available.
Choosing the Right Term
Select a
20-year term to cover kids through college or a 30-year term to span a long mortgage.
Coverage amounts commonly range from $250,000 to $1,000,000+ depending on income and debts.
Premiums & Eligibility
Age, health, coverage amount, and term length affect pricing. Many carriers offer accelerated or no-exam underwriting up to certain limits; we'll shop options and explain the trade-offs.
Answers to Common Term Life Questions
What happens after the term ends?
Coverage usually terminates, though you may be able to renew annually at higher cost or convert to permanent insurance. We'll remind you of options before your term expires.
Can I cancel if I no longer need coverage?
Yes, you can stop paying and the policy will lapse; there is typically no cash value with pure term. We'll help reassess needs before you make changes.
How do I decide between 20-year and 30-year term?
Align the term with your obligations-children's ages, remaining mortgage years, or business loans. We'll model scenarios so you can choose confidently.
