Term Life Insurance
Find out if term life insurance — with level premiums¹ and coverage for a specific period of time — is right for you.
Life insurance issued by Hoover Insurance NW
Understanding term life protection
Term life coverage is designed to deliver a death benefit to your chosen beneficiaries if you pass away during the active period of your policy. You select a specific timeframe where your premiums remain consistent—typically 10, 15, 20, or 30 years. Once this initial period concludes, the cost of coverage will rise annually as you age until the policy reaches its expiration.
Often viewed as the most straightforward life insurance option, a term policy is an excellent way to secure cost-effective financial backing for your family during their most critical years—such as while paying off a mortgage or funding a child's education—ensuring they are supported even if you are no longer there.
When should I consider term life insurance?
You may want to consider term life insurance whenever there's a major or financial change on the horizon, such as:
Getting married
Buying a new home
Growing your family
Buying a car
Should I choose term or permanent life insurance?
No single type of life insurance policy is the best for everyone. You can choose a term or permanent (whole or universal) life insurance policy to address your own financial and personal situation.
Term life insurance
May be ideal for you if:
- Affordable coverage is a primary goal.
- You want coverage for a specific period of time, e.g., to provide for your loved ones if you die while your children are in college (to pay tuition) or you have a mortgage (to help pay the loan).
- You want to leave an inheritance or money for funeral costs or other final expenses.
Permanent life insurance
May be ideal for you if:
- You have a lifelong dependent, such as a child with disabilities.
- You want to leave a legacy for your heirs to help pay estate or inheritance taxes.
- You want the option of using the cash value to help:
- Pay for large purchases or settle expensive debts
- Pay medical bills during an illness
- Save or pay for college
- Provide financial support to loved ones in a time of need, or
- Cover caregiving expenses, such as time off work to help a family member
Frequently asked questions
Learn From Experience
What Factors Drive Life Insurance Calculations?
What Should I Know Before Buying Life Insurance?
What Are Living Benefits on a Life Insurance Policy?
What Is Permanent Life Insurance?
Why Hoover Insurance NW®
For generations, customers have turned to Hoover Insurance NW to help as they protect the financial future of their loved ones. From term to permanent life insurance options, customers use our products to help them plan for the future of their loved ones, businesses or both.
- Apply securely online or with the assistance of an agent
- Same-day underwriting decisions, with no medical exams⁶
- Express claims service
- Bundle your insurance coverage, under one brand you know
- Discounts available for current customers⁷
¹ Premiums are subject to change after the initial level premium period.
² Premiums are subject to change. Issuance of a policy and premiums are subject to underwriting guidelines and approval. Premiums quoted are based on a Male Age 35, 100K face amount, non-nicotine, platinum, monthly EFT premium for 10-year level period.
³ This policy may lapse if you do not pay enough premiums to continue coverage.
⁴ ICC25-FTL or applicable state variation and ICC25-ROP or applicable state variation.
⁵ Talk to Hoover Insurance NW® or your agent about conversion limitations on applicable products.
⁶ Issuance of a policy may depend on answers to questions set forth in the application, including any conditions that are disclosed pertaining to the health of the insured.
⁷ Discounts available on selected life insurance products and may not be available in all states. Contact your agent to see if you qualify for the discount.
FCS-0585-24 10/25
Getting started is easy!
Tell us what you need
Start online or call our office. It only takes a few minutes.
We compare options
Our team shops multiple carriers to find the right fit.
You choose with confidence
We explain the differences before you decide.
Ready to compare your coverage options?
Prefer to talk first?
Call 360-658-4149
