Term insurance is an economical solution for fulfilling changing personal or business needs, such as covering a mortgage, protecting family finances in the event of the death of a key income earner, or protecting business finances for a specific period of time. Term life insurance provides a fixed death benefit, for a fixed premium payment and period of time. The premium payments are guaranteed and remain level for a period of five, ten, fifteen or twenty years. Term policies can be renewed without providing evidence of insurability for subsequent fixed terms at increased premium amounts. Insurers offer a selection of competitively priced term insurance products to meet all your term protection needs.