If you have loved ones who depend on you financially, it’s essential to plan for their future—no matter what life brings. Term life insurance offers a simple, affordable way to help ensure your family can stay on track financially if something were to happen to you.

At Anthony Mercado Agency, we provide personalized insurance solutions and dedicated support to help you protect your family’s future and minimize financial risk from the unexpected.

How Does Term Life Insurance Work?

Term life insurance provides coverage for a set period—typically 10, 20, or 30 years. During that time, you make regular premium payments to keep the policy active. If the policyholder passes away during the covered term, their named beneficiaries receive a tax-free death benefit, which can be used to cover expenses such as the following:

• Mortgage or rent payments

• Daily living costs

• Childcare and education

• Outstanding debts

• Funeral and end-of-life expenses

Because it’s focused solely on providing a death benefit (rather than building cash value like permanent life insurance), term life is generally more affordable, especially for younger, healthy individuals. It’s a wise solution for people who want reliable coverage during key financial years—such as while raising a family, paying off a home, or supporting dependents.

This type of insurance offers peace of mind, knowing your loved ones would have a financial safety net if the unexpected happens.

What Happens When Term Life Insurance Expires?

When the term ends, coverage stops. You can either renew the policy (often at a higher premium), convert it to a permanent policy or let it lapse. Planning ahead is key to avoiding gaps in coverage.

How Long Should My Term Life Policy Last?

Ideally, your policy should last until your major financial obligations—like a mortgage or your children’s college tuition are paid off. Many choose terms that align with these milestones. The younger and healthier you are, the lower your premiums. Most experts recommend buying in your 20s or 30s, but securing coverage is never too late.

Where Can I Get Term Life Insurance?

If you are looking for a reliable insurance partner in Orwigsburg, Pennsylvania, look no further than Anthony Mercado Agency. We can offer personalized and proper insurance solutions, and our team is committed to protecting what matters most to you. Contact us today for more information.