Term life insurance
Straightforward protection for defined periods of risk.
Who this is for
- Families with dependents
- Early-stage founders
- New parents
- Anyone with a defined period of financial obligation (e.g. mortgage, education)
What it covers
Term life provides a death benefit for a set period (e.g. 10, 20, 30 years). If the insured dies during the term, the policy pays out to beneficiaries. After the term ends, coverage ends unless renewed or converted. No cash value; pure protection for a defined period.
Common use cases
- Mortgage protection
- Family income replacement
- Business continuity (key person or buy-sell)
- Education funding
Structuring considerations
Ownership and beneficiaries should align with your goals: personal vs business ownership, primary and contingent beneficiaries, and review cadence (e.g. every few years or when life events occur). Licensed professionals we connect you with can advise on your situation.
How Stead helps
We help you request the right amount and structure of term coverage and connect you with properly licensed professionals. We do not sell or issue insurance. Coordination includes clarifying needs, ownership, beneficiaries, and ongoing review.
Stead does not sell, place, negotiate, or bind insurance. We connect you with properly licensed professionals. Insurance products are offered by licensed third parties and subject to underwriting and state regulations.