Term Life Insurance

Term life insurance provides life insurance for a specified period of time, such as 1, 5, 10, 20 or 30 years. These policies provide benefits in the event of a death, but unlike other insurance options, they do not generate cash value. If you are seeking low-premium payments and only need insurance for a finite period of time, term insurance may be a better choice than buying permanent insurance.

Advantages of Term Life Insurance:

  • Lower initial cost in contrast to permanent insurance
  • May enable you to buy more insurance than if you opted for permanent insurance
  • Some policies allow you to upgrade to permanent insurance later in life
  • Ideal for covering specific debts, mortgages, college tuition and/or a loan
  • Death benefits are typically federal income tax free
  • Guaranteed* coverage until the policy expires provided premiums are paid
  • Return of Premium (ROP) solutions available

Click on any of the links below to learn more: 

Advice focused on you

For help in deciding what type of insurance best meets your goals and objectives, our Financial Advisors have the know-how to help you navigate the world of insurance. Call us today at 800-392-3009 to schedule an appointment with a Financial Advisor or visit a People's United branch and ask to see one of our life insurance licensed employees.

Related Information


*Subject to the claims-paying ability of the insurance carrier.

Investment and Insurance Products:

  • Not Insured by FDIC or any Federal Government Agency
  • Not a Deposit of or Guaranteed by a Bank or any Bank Affiliate
  • May Lose Value

Investment and insurance products are offered through People’s Securities, Inc., a Broker/Dealer, member of FINRA and SIPC, an insurance agency and a registered investment advisor. People’s Securities, Inc. is a subsidiary of People’s United Bank, N.A.

Business Continuity Plan | Commission & Fee Schedule | Margin Disclosure | Financial Statement | Cost Sharing Arrangements | Order Routing Disclosure | Day Trading Disclosure | BrokerCheck