Site loading image

15-Year Term Life Insurance

Starting a family? Building a career? A 15-year term life insurance policy can give you the affordable coverage you need, right when you need it.

What Is a 15-Year Term Life Insurance Policy?

Term life insurance is a type of life insurance that covers you for a set period of time. Many people opt for term life because it’s simplest and most affordable option available, making it a good fit for many families.

If you’ve decided term life insurance is right for you, you’ll need to choose a term length – typically 10, 15, 20, or 30 years. The ideal term length depends on your current financial obligations and how long you expect them to last. When considering your financial responsibilities, make sure to include:

  • day-to-day living expenses
  • your mortgage
  • credit card debt
  • student loans
  • any other expenses your family would need to cover if you died

A 15-year policy will cover you for a decade and a half, making it ideal for people who expect to have no major financial responsibilities by then. If your children will be financially independent, your mortgage will be fully paid off, and you’re planning to build your savings in the next 15 years, this type of life insurance might be right for you. If you’re older and don’t qualify for a longer term policy, choosing a 15-year policy can also help you lock in the protection you need for your family.

If you think you’ll need coverage for longer than 15 years, though, you may want to consider buying a longer term policy now. Many young families need financial protection for decades, and your rates will be higher if you need to buy life insurance again when you’re older.

How Does 15-Year Term Life Insurance Work?

During your 15-year term, you’ll pay monthly or annual premiums, or payments, to keep your coverage active. If you die while the policy is in effect, your beneficiaries – like your children, spouse, or parents – will receive a lump sum of cash called a death benefit. Once the 15 years are up, you can choose to extend your insurance plan or let it expire.

Benefits of 15-Year Life Insurance

  • Affordable coverage

    Affordable coverage

  • Temporary coverage

    Temporary coverage

  • Flexibility


You've Got Questions. We've GotAnswers.

15-Year Term Life Insurance Through eFinancial

At eFinancial, our goal is to make life insurance simple. We offer high-quality, affordable options for 15-year term policies from over 20 top-rated life insurance companies. And you’ll have access to personalized support from our knowledgeable agents, who will guide you through every step of the approval process. We’ve got you and your family covered.

Interested in buying your own 15-year term life insurance policy? Request your free, no-obligation online quote or call 866-388-3996800-957-9525 to talk with one of our agents.