Level Term Life Insurance

Secure your loved ones with the simplest and most affordable form of life insurance.

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Why choose The Thaiger?

Providing sufficient life insurance to your loved ones can give you much-needed peace of mind, but choosing the right insurance can be overwhelming. That’s why we’re here to help select the perfect term insurance for you, so you can live life to the fullest without worries.

What is Term Life Insurance?

Term life insurance, or also known as level term life insurance, is a type of life insurance policy that provides coverage for a specified “term” of years or a certain amount of time. If you or your spouse passes away at any time during this term (usually 20 to 30 years), a payout from the term life insurance policy will be given to your beneficiaries (those you’ve chosen to inherit your money, such as your kids).

Term life insurance is much more affordable when compared to permanent life insurance, because, unlike most types of permanent insurance, term life insurance has no cash value until you or your spouse passes away. The only value is the guaranteed death benefit from the policy.

Having term life insurance, means you have a safe plan that helps protect your family when the worst happens.

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What Are the Advantages of Term Life Insurance?

No one likes to think about what could happen to their families if the worst happens. Knowing that your loved ones are financially stable when you’re gone will give the whole family peace of mind.

Death Benefit

Term life insurance guarantees payment of a certain amount of benefit to your beneficiaries if you pass away within the term period of the policy.

Less Costly

Term life insurance is typically the least expensive form of life insurance since it only pays out for a fixed period of time and only offers a death benefit.

Premium Cost

Term life insurance is suitable for you if you want a lot of coverage for a low price and the peace of mind that comes with knowing that you have a safety net in case the worst happens.

More Flexible

When it comes to level term life insurance, you will have a lot of options as you can be covered for a year or a month. If you need to cover a longer period of time automatic renewals are also available.

How To Find the Best Term Life Insurance Policy

Although term life insurance is less complicated than whole life insurance, selecting a policy is not always simple. You’ll have to make some choices, and the best options for you may not be the best options for anyone else. The perfect policy is one that is customized to your family’s particular requirements.

Understand the Types of Term Life Insurance

There are three types of term life insurance: level-premium term life, renewable term life, and decreasing term life (more on this below). Each comes with its own benefits and premiums. Understanding the difference between them will give you a picture of what you need.

Consider Policy Options

Term life insurance policies are simple, but some companies offer add-ons that you might want to consider. Some insurers include some of these add-ons automatically, while others may require you to pay extra to add them as “riders” to your policy. A rider is a policy amendment that lets you add options at additional cost. These add-ons include a return of premium, accelerated death benefit, accidental death benefit, and disability waiver of premium.

Learn About the Approval Process

The insurer will want to know how healthy you are before you buy the term life insurance. They will usually ask you some health questions. Make sure you tell the truth, as they can reject your claim if the application was found incomplete or inaccurate. Some insurers may even require a medical exam.

Customer Ratings


30 reviews

Customer Reviews


The best experience I’ve ever had buying life insurance! Contacting the thaiger for life insurance was a great decision! They were quick, detailed and extremely helpful! 5 stars.

Armed Muhammad

thank you the thaiger for helping me understand the basics of term life insurance. thaiger offers the greatest immediate coverage at the lowest cost with high coverage.

Jimmy Sims

I would recommend using the Thaiger to those trying to purchase an insurance plan which can be sat the duration. Not being familiar with the insurance. So, it would be nice to have all the details to answer all my questions, and Thaiger is beside me.

Jake Harrison

Have a lot of experience with the Thaiger, useful knowledge and easy process. Awesome work. All turned out perfectly well. Thank you very much.

Juan Barrera

A variety of insurance plans. It matches my wish to make me much happier by getting a term life insurance policy from the Thaiger. Friendly and simply describe all in the process. Overall, I was able to set the length of the coverage.

Kimberly Rose

You actually pay lower premiums for term life insurance in exchange for a potential benefit. They let me either design coverage or maybe receive additional coverage under different payments or conditions. Wow, it’s so cool.

Maria ​

Types of Term Life Insurance

There are many types of term life insurance, and the best one for you will depend on your individual circumstances.

Level-Premium Term Life Insurance is one of the most common types of term life insurance. It protects you for a period of time, ranging from 10 to 30 years. The death benefit, as well as the premium, are both fixed. This means that the premium you have to pay remains the same throughout the terms. The guaranteed death benefit will be given to your beneficiaries if you die during the term.

Key Points:

  • Fixed death benefit and premium.
  • Protects you for 10, 15, 20, or 30 years, regardless of how your health might change during that time.
  • Simple and affordable.

As its name suggests, renewable term life insurance can be renewed after every term. However, the premium may increase every time you renew it. The premium also goes up over time as you age. In other words, the premium you have to pay will change from year to year, and might be more expensive than level term life insurance in the long run. However, in the short term, renewable life insurance might be a more affordable option.

This policy is an option if you only need coverage temporarily. It can offer financial protection in the years before a significant personal milestone. For example, you may buy it a few years before getting married or starting a family, because, after that, your coverage needs may change.

Key Points:

  • Designed for younger, healthier people to access the most affordable premium available.
  • Can be renewed year after year, but the premium increase as you age.
  • Best implemented as a short term solution.

With decreasing term life insurance, the death benefit declines on a defined schedule per year. You have to pay a fixed, level premium for the whole term, although sometimes premiums are lower over time as well. You may want to consider this type of term life insurance if you want to cover a specific debt, such as a mortgage, that you plan to pay off during the term.

Key Points:

  • More affordable compared to other types.
  • Best choice if you just need to cover a temporary need or plan to leave no debt for your family to pay off.

Financially protect your loved ones with term life insurance.

Choosing the best type of term life insurance is a tricky decision to make, but the Thaiger helped me with the entire process, making everything easier.

Top tip: Understand what each type of term life insurance offer, and you’ll know which type is right for you.

Benefits of Term Life Insurance

Term life insurance applies to young adults with children. Parents will be able to get a lot of coverage at a reasonably low cost. When a parent dies, the large benefit will help to compensate for the loss of revenue.

These policies are also acceptable for those who only need a small amount of life insurance for a short period. For example, the policyholder will determine that by the time the policy expires, their survivors may either no longer need financial security or will have accrued sufficient liquid assets to self-insure.

Join the many satisfied customers who’ve got their Term Life Insurance with the Thaiger

Other Related Products

There are other types of life insurance for you. Below are some

Group life insurance

A form of life insurance that protects a whole group of people with a single contract. The policy typically includes the workers or members of the company, and the policy owner is usually an employer or an agency such as a labour union.

Read More

Whole Life Insurance

Whole life insurance is also known as permanent life insurance. Whole life insurance invests the money that the policyholder is currently paying in premiums. This fund serves as a savings account from which the policyholder may withdraw or borrow funds for a variety of reasons.

Read More

Over 50s Life Insurance

A financial planning tool that not only replaces income but also covers new expenses that your family may encounter if a loved one passes away.

Read More

Life Insurance With Pre-Existing Medical Conditions

A special kind of life insurance that mostly cover medical expenses for people with pre-existing medical conditions such as cancer, heart attack, HIV or AIDS and kidney disease.

Read More

Term Life Insurance Add-Ons

Term life insurance comes with numerous additional coverage that you can choose for extra protection. Below are some of the add-ons.

Return of Premium

This option may be appealing if you don’t want to risk outliving your policy and receiving nothing in return for years of premium payments with a return-of-premium rider if you keep your policy until the end of its term. The insurer will refund your premiums. If you choose this option your premiums are likely to be significantly higher.

Accidental Death Benefit

If you die in an accident, this option typically doubles or triples the payout. Be aware that the term “accident” may not mean what you think it does. Insurance companies may strictly define which types of unintentional deaths are eligible for the additional payout. There may be time limits such as if you are injured in an accident and died seven months later, your beneficiaries will not receive any additional payout.

Accelerated Death Benefit

If you become seriously ill this option allows you to receive a portion of the death benefit while still alive. If you are terminally ill and expected to die within 24 months or if you have a serious illness that may shorten your life span such as acute heart disease, you may be eligible for an early payout of 25% to 95% of the death benefit. Also if you are permanently confined to a nursing home or require long-term care because you are unable to handle tasks such as bathing, dressing, or eating on your own. Keep in mind that if you choose this option the money you withdraw will no longer be paid to your family after you die. If you believe you will use an accelerated death benefit, make sure to purchase enough coverage to ensure that your family’s financial needs are met if you die.

Disability Waiver Premium

If you become disabled for an extended period of time usually six months or more, this option may allow you to avoid paying premiums. Even though you are no longer required to pay premiums, your policy remains in effect.

Group Life Insurance

Group life insurance is a type of life insurance that covers a whole group of people, typically an organisation or a company. Many employers offer these policies as a benefit for their employee.

Life insurance for groups offers numerous benefits, such as easier approval for older and less healthy people, a decrease in the amount of individual life insurance you need, and the premiums are subsidised for employees.

Frequently Asked Questions about Term Life Insurance

A term life insurance policy’s cost is calculated by a variety of factors, including:

-Age is a factor. Since they are less likely to die in the immediate future, younger citizens are eligible for lower premiums.

-Good health. Many insurance providers insist that you take a medical test and answer health-related questions. Premiums could be higher if you are in poor health.

-Gender is an important aspect to remember. Since men die at a younger age than women, they also pay a higher premium for life insurance.

The majority of term life insurance plans have level benefits and premiums, which ensures that the premiums remain constant over the term.

The cash value of a life insurance policy acts as an investment or savings account, and it grows tax-free over the policy’s life. You can take out a loan against the cash value, surrender your policy for cash, or use it to pay your premiums until it exceeds a certain amount.

You can keep your term life insurance for as long as you have a need for it–children at home, a nonworking spouse to help if you die, or a mortgage to pay off.

You’ll make the last monthly payment and your coverage will stop when the contract expires. You will no longer have life insurance coverage if you outlive your term policy; if you die the day after the policy expires, your family will be ineligible for any death benefit.

Certain diseases would almost definitely result in the policyholder’s death. Fourth-stage cancers, HIV, some forms of diabetes, rare fatal diseases, and many others are examples of such diseases. If a policyholder dies as a result of such a disease, term insurance will not cover it.

If you’re combining your savings and taking out loans, such as a mortgage, make sure the duration is long enough to cover all of your debts. For the vast majority of people, a 30-year term life insurance policy crosses all the boxes and provides financial protection for your loved ones.

If the death benefits are paid to a named beneficiary, term life insurance is not taxable.

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