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Term life insurance provides coverage for a specific period of time, or "term" (for example, 10 or 20 years or to a specific age, such as 80).

Term life insurance is one of the most affordable types of insurance you can buy. In return for its affordability, however, term life insurance policies do not build cash value (as is the case with permanent life insurance), and when the term of the policy ends, so does your coverage. That means your loved ones won't receive a payment (the death benefit) from your policy should you pass away after the term ends.

Is term life insurance right for you?

Term life insurance can be an attractive choice if you're looking for:

  • A high level of coverage when dollars are tight
  • Protection to meet shorter-term needs
  • A policy that can be customized


Old Missouri Financial Services, LLC, is a subsidiary of Old Missouri Bank. Products and services offered are not FDIC insured; are not deposits of, or guaranteed by any bank or by Old Missouri Financial Services, LLC; are not insured by any federal government agency; and involve investment risks, including possible loss of principal.