Term Life Insurance in Annapolis & Beyond
Simple, Affordable Protection for the Years You Need It Most
Term life insurance is designed to provide financial protection for a specific period of time — such as 10, 20, or 30 years. It’s one of the most affordable ways to secure a high amount of coverage, making it a popular choice for young families, homeowners, and working professionals. At Simpson & Blom Insurance, we help Annapolis-area residents choose term life policies that protect loved ones during critical life stages.
How Term Life Insurance Works
Temporary Life Insurance Coverage
Term life insurance pays a death benefit if you pass away during the selected term. Common term lengths include 10, 20, and 30 years.
Level Premiums
Premiums typically stay the same throughout the entire term, making budgeting predictable and straightforward.
High Coverage at Lower Cost
Term life insurance generally costs significantly less than whole life for the same coverage amount, especially for younger and healthier individuals.
Conversion Options
Many term policies allow you to convert to permanent life insurance before the term ends — without a new medical exam.
Is Term Life Right for You?
Term life insurance is ideal for temporary financial responsibilities, such as:
- Replacing income during working years
- Paying off a mortgage
- Funding children’s education
- Covering family living expenses
For many families, term life provides peace of mind during the years when financial obligations are highest.
Choosing the Right Term Length
Selecting the right term depends on how long you want coverage to last.
Common term options include:
- 10-year term: Short-term needs or supplemental coverage
- 20-year term: Popular for families with young children
- 30-year term: Longer protection for mortgages and income replacement
At the end of the term, policies may renew annually at higher rates or expire. Planning ahead helps avoid surprises.
Common Questions About Term Life Insurance
How does term life insurance work?
It provides coverage for a set number of years and pays a benefit if death occurs during that term.
How much term life coverage do I need for my family?
Coverage is often based on income replacement, debts, future expenses, and family goals. We help calculate the right amount.
Is term life insurance cheaper than whole life?
Yes — term life is typically much more affordable for the same coverage amount.
What happens when a term life policy ends?
Coverage may expire, renew at higher rates, or convert to permanent insurance, depending on the policy.