Term Life Insurance
Simple, affordable protection for the years that matter most. Secure your family’s future with flexible coverage lasting 10 to 40 years.
What Is Term Life Insurance?
Term life insurance provides financial protection for a set number of years — your “term.” You choose the duration (10, 15, 20, 30, or 40 years) and the coverage amount that fits your goals.
If you pass away during this period, your loved ones receive a tax-free cash payout to help cover major expenses:
- Mortgage
- Daily living costs
- Debt
- Tuition
- Long-term financial stability
Key Features
Temporary Coverage
Coverage for a fixed term (10–40 years)
Affordable Premiums
Affordable, predictable fixed premiums
No Cash Value
No cash value component
Death Benefit
Tax-free death benefit
How Term Life Works?
You pay a monthly premium to keep your policy active. If you pass away within the term, your beneficiaries receive a lump-sum benefit.
Because term life doesn’t build cash value, it’s significantly more affordable than whole life insurance — making it ideal for temporary but important financial protection.
Term vs. Whole Life Insurance
Types of Term Life Insurance
Level Term (Offered by EternaTrust Group: Yes)
Premium and death benefits stay the same throughout the term
Renewable Term (Offered: No)
Can be renewed at the end of the term; premiums increase upon renewal due to age.
Convertible Term (Offered: No)
Can be converted to whole life without a medical exam.
Decreasing Term (Offered: Yes)
Death benefit decreases over time — ideal for shrinking debts like mortgages.
Who Should Consider Term Life Insurance?
Great fit if you:
Have financial dependents (spouse, kids, parents).
Have a mortgage or long-term loans.
Want affordable protection during working years.
Want simple, predictable coverage.
Prefer fast approvals with no medical exam.
Not ideal if you:
Want lifetime coverage.
Want a policy that builds cash value.
Need a financial product for estate planning or wealth transfer.
How to Purchase Term Life Insurance
Choose Coverage
Select your term length and coverage amount. EternaTrust Group offers term options from 10 to 40 years and coverage from $25,000 to $3 million.
Apply Online
Complete a short, secure online application — typically takes under 10 minutes.
Activate Coverage
We’ll process your information instantly or within minutes. Once approved, you can activate your policy immediately.
Pros & Cons of Term Life
Pros
Most affordable form of life insurance.
Easy to understand and manage.
Fixed premiums.
Flexible terms and coverage options.
Cons
Coverage ends when the term ends.
No cash value savings feature.
Renewal or extension costs more due to age.
No payout if you outlive the term
TruStage™ Advantage Whole Life Insurance is issued by MEMBERS Life Insurance Company. The insurance offered is not a deposit, and is not federally insured, sold, or guaranteed by any financial institution. Approval is based on your answers to the questions on the application and additional information we obtain from other sources. Product and features may vary and not be available in all states. Base Form Numbers: ICC20-WLMLIC & 2020-WLMLIC.
TruStage™ Simplified Issue Term Life Insurance is issued by CMFG Life Insurance Company. The insurance offered is not a deposit, and is not federally insured, sold or guaranteed by any financial institution. This is a term policy to age 80 that has premiums that increase when entering each five-year band: 25, 30, 35, 40, 45, 50, 55, 60, 65, 70, and 75. Approval is based on your answers to the questions on the application and additional information we obtain from other sources. Rates may be higher due to tobacco use. Product and features may vary and not be available in all states. Base Form Numbers for coverage under 100k: ICC16-A10a-039, A10a-039-2016 & over 100k ICC17-SIT-2, 2017-SIT-2.
TruStage™ Guaranteed Acceptance Whole Life Insurance is issued by CMFG Life Insurance Company. The insurance offered is not a deposit, and is not federally insured, sold, or guaranteed by any financial institution. Death benefit is limited the first 2 years of the policy and is limited to a return of 100% of premiums, plus 10%. Product and features may vary and not be available in all states. Base Form Numbers: ICC16-GAWL & 2016-GAWL.
TAWL2, GAWL, SIT1, SIT2-8658941.1-1225-0128