Term Life Insurance

Share this article

Term life insurance is affordable life insurance that helps cover your family financially if you are no longer there to provide for them. With Term life insurance you can typically get a large amount of coverage at an affordable fixed rate. With term life, your beneficiary receives a death benefit if you pass during the specified term*. This benefit can help them pay the mortgage, education costs, and other debts.

Looking for plans?
Let’s find the right life plan for you.

Free Quote

A background decorative of Blue color

Get a complimentary quote on term life insurance online

Through Guardian Direct® you can buy term life insurance online offered through Ladder, in an easy, no hassle process. Quotes for life insurance are complimentary and transparent, so you will know exactly how much you will pay before you sign up.

Regardless of your needs, there is a policy that can help give you and your loved ones financial comfort. Term life insurance through Guardian Direct® is offered for terms of 10, 15, 20, 25, and 30 years with a variety of levels of death benefit up to $8M, depending on your specific needs.

To start the process, you will answer a few questions about your health and your family health history. Additionally, you will be asked to provide employment information as well as your Social Security Number for identification purposes. Then depending on your age, health history, and employment, you may be given an offer right away.

How to find the best term life insurance policy for your needs

One option for purchasing term life insurance is to use a broker. Brokers work with different insurance carriers to find a policy that works for you.

Another option available today is through direct providers like Guardian Direct®. Purchasing life insurance can be simple. You can apply online and have an affordable term life insurance policy through Guardian Direct®, without leaving your home.

When you are looking for term life insurance online, there are a few common factors to consider when looking for the best policy for you and your family. An important factor to take into account is flexibility. You want a policy that can be tailored to fit your unique needs and personal situation. There is no one-size-fits all term life insurance, so it is important that your insurance provider offers multiple term lengths.

It is also important to factor in any rates and restrictions that might be in place for each provider. Doing a side-by-side comparison of monthly premiums is a good way to help determine the value you are getting for your money. Apart from money, it is important to think about restrictions that different insurance providers may have related to your coverage. Restrictions could include pre-existing conditions or health concerns around your family history.

10-year term life insurance policy

A 10-year term life insurance policy is the shortest-term policy that is offered through Guardian Direct®. Being the shortest term, it generally has more affordable premiums than longer terms with death benefit protection.

There may be a number of situations where it may make sense to get a policy with a ten year term. Most of the instances where a 10-year term makes sense involve you anticipating major life milestones, such as the ones below, within 10 years¹.

  • Paying off a mortgage - if you have less than ten years left on your mortgage, a 10-year term could make sense because you can ensure the money will be there to help pay off the house if you pass away. It also makes it easier for your family to stay in the same home without having to move if they so choose.

  • You have a student in middle or high school – many parents hope to pay for their child’s education. If the unexpected should happen before your child’s education is paid for it can be challenging to cover those expenses. 10-year term life insurance can help in this instance by providing money that can help cover education expenses.

  • Retiring within 10-years - if you will be retiring within the next seven to 10 years, a short-term policy may be a good idea. If you die before you retire, your spouse or loved ones may not receive the salary that you were planning to make during that time. Life insurance can help cover that cost so that your family isn’t left without some financial support..

20-year term life insurance policy

The 20-year life insurance policy can be a good fit for a wide variety of people. It generally has cheaper premiums than a 30-year policy with death benefit protection. In particular a 20-year policy may be a valuable decision for people in these situations².

  • Retiring in 20 years – if you are retiring in 20 years or less, a 20-year policy can help provide financial confidence to your loved ones should you die prior to retiring. Like the 10-year coverage, this money can help your family be taken care of financially.

  • Families with young kids – a 20-year policy can be considered for families with young kids. Twenty years can help cover your kids until they are adults helping your spouse and family financially if you should pass.

  • People on a strict budget – The 20- and 30-year coverage both are longer term life insurance policies. However, you typically pay more for a 30-year policy than you do for a 20- year policy still with death benefit protection, so if money is tight it might make more sense to start with the lower premium of a 20-year policy.

30-year term life insurance policy

Thirty years is typically the longest-term life insurance policy offered by many carriers. It is typically designed to give your beneficiary the maximum death benefit for a long time. As such, it may carry higher premiums than both the 10- and 20-year policies. Although it is typically more expensive, it can make sense in the following situations³.

  • New homeowners – if you just bought a new home it may be time to consider a 30-year term life insurance policy. Typically, homeowners buy a home with a 30-year mortgage, so if you buy 30-year term life insurance at the same time, your beneficiaries could use the death benefit protection to help cover your mortgage. This may allow your spouse and family to more easily stay in your home if you pass unexpectedly.

  • Single income households – if you are the breadwinner in your household, a 30-year policy can help your family to pay bills and allow them to maintain the same standard of living.. Setting the term to 30 years should put you closer to retirement when the term expires. After retirement your income no longer comes from work, so you may not need to be covered at such a high level.

  • Parents with young children – the 30-year term life insurance policy can help see your children well past college and into adulthood. This may give you the financial confidence of knowing that your children’s education will be paid for, and help reduce your significant other’s stress about making ends meet should you pass.

Buy term life insurance online

Starting a term life insurance policy may be a valuable decision to help ensure your family and loved ones are financially covered in case of your death. As with all insurance policies, there are pros and cons to consider. It is critical that you don’t rush into purchasing life insurance without doing research. Guardian Direct® has resources for you to use to educate yourself on life insurance so that you can make an informed decision when choosing a policy that fits your needs from an insurance provider that you trust.

Links to external sites are provided for your convenience in locating related information and services. Guardian, its subsidiaries, agents and employees expressly disclaim any responsibility for and do not maintain, control, recommend, or endorse third-party sites, organizations, products, or services and make no representation as to the completeness, suitability, or quality thereof.


Insights for the people.

Join our new digital insurance community that includes tips, resources and useful information from Guardian Direct.


  1. https://www.forbes.com/advisor/life-insurance/choosing-the-right-term-life-insurance, (August 2021), last accessed September 2021

  2. https://www.iii.org/article/how-choose-right-type-life-insurance, last accessed September 2021

  3. https://www.lifeinsurancepost.com/30-year-term-life-insurance,(October 2020), last accessed September 2021