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Life insurance provides a financial security blanket if the unthinkable were to happen. When you’re looking for this sort of financial protection, your best bet might be term life insurance. As its name suggests, term life insurance covers a certain term — like 6 months, a year, or longer. Once the term ends, your coverage does, too.

Typically, term life coverage is available for 10-, 20- or 30-year periods. However, Direct Auto Insurance offers convenient policies covering 6- and 12-month terms that are guaranteed renewable for a period totaling 2 additional years.

Why should you consider term life insurance? Here are five reasons.

1. It is cheaper than whole life insurance.

While typical term life insurance covers a set number of years, whole life insurance covers your entire life. As a result, the cost of term life insurance is typically lower than the cost of whole life insurance. Also, basic term life insurance is cheaper because it doesn’t accumulate value. On the other hand, whole life insurance builds value as an investment product.

Among the factors that could affect the cost of term life insurance are:

  • Your age
  • Your health
  • Your gender
  • Your job
  • The amount of coverage you choose

For example, if you’re young and healthy, you’ll typically pay less for term life coverage than someone who is older with health concerns. Additionally, if you’re married with kids, you might opt for more coverage than someone who is single, leading to a higher cost.

However, some of the plans Direct Auto offers start at less than a dollar per day, meaning there are affordable options to choose from.

2. It provides a financial cushion.

Term life insurance is especially valuable if you’re raising a family and you’re on a tight budget. That’s because the death benefits paid out under a term life insurance policy could prove better and more affordable than the death benefits (the amount of money the life insurance company will pay to a beneficiary or to beneficiaries in the event of the insured’s death) paid out under a whole life insurance policy. Also, because you’re paying for a predetermined amount of coverage, you know exactly what the benefit will be.

If the policyholder dies before the term ends, a term life insurance policy will pay benefits that can cover funeral costs, make up for lost income, cover everyday expenses, and help finance your children’s college education.

Term life insurance typically provides for the largest immediate death benefit amount for each premium dollar.

3. It is great for young families.

The Texas Department of Insurance says term life insurance can be a good option for young families who have children since you might need coverage only until your kids are grown up and are holding down full-time jobs. Term life insurance could be a relatively low-cost way to find peace of mind, without busting your budget.

4. It’s easy to get and easy to understand.

You can go from getting a quote to getting covered in a short period of time, at least through Direct Auto Insurance. Since our affordable term life insurance policies don’t require a medical examination (just answer a few simple health questions), the whole process doesn’t take long at all! You’ll also know the exact amount of coverage you’re getting, and you know exactly how long your coverage is valid for. If you still have questions, our agents are here to answer questions.

5. It offers a variety of payment options.

The premiums for a term life insurance policy often can be paid monthly, quarterly, semi-annually, or annually. Just make sure to check what choices you have with your life insurance provider because every company has its own options. If you want flexible payment options, the policies offered by Direct Auto could be a great option for you.

Is life insurance worth it? You bet. Is life insurance affordable? Sure is. Term life insurance is extremely affordable. For less than a dollar a day, you could be securing a better financial future for your family with a term life insurance policy. Get a term life quote by calling 1-877-GO-DIRECT (1-877-463-4732) or visiting a Direct Auto Insurance location near you.


Individual term life insurance by Direct General Life Insurance Company, Policy Nos: 58TL02010713, 12400 (OH), 12802 (WA), IIC21-12815, and in Michigan, by National Health Insurance Company, Policy No. 12815. Per day amount based on annual premium for insured 18-50 years old with a $25,000 policy. Additional fee applies. Policy terms and conditions apply. Premium will vary by insured’s age and coverage level selected. Material in these articles is for general information or entertainment purposes only. Direct General does not endorse and is not affiliated with any of the companies or apps listed in this article. Direct General is not responsible or liable for the availability of links to websites or resources, or for any content, advertising, products, services or other materials on or available through these websites or resources. Any references to third party rates or products are subject to change without notice. Trademarks are property of their respective owners.