Term Life Insurance

An affordable life insurance option for the short term
Catholic United Financial > Life Insurance > Term Life Insurance
Term life insurance offers affordable protection to meet the needs of today’s working families. Plus, families gain membership in a company that helps them align their finances with their faith.

Some people compare Term Life to renting versus buying a house. Term Life insurance offers you the guaranteed protection of life insurance for an agreed-upon length of time. When the contract is up, the protection ends and you walk away without any strings attached. However, if you’re ready to buy instead of “rent”, your Term Life policy can be converted to permanent insurance without providing proof of your current insurability.

Who should buy term life insurance?

Individuals who want one or more of the following:

  • Lower-cost life insurance protection
  • A temporary life insurance product
  • Conversion to permanent insurance later without having to provide proof of insurability

The end of the term isn’t the end of the value

After the initial term period, Catholic United Term policies can be renewed to continue your term coverage or the policy can be converted to permanent coverage without further proof of insurability.

What term policies are available?

Level Term Life Insurance

Term life insurance offers level premium payments throughout the initial term, with the ability to convert to permanent insurance at any time, or renew the term coverage options at the end of the initial term.

15-Year Level Term – For ages 18 to 70

20-Year Level Term – For ages 18 to 65

30-Year Level Term – For ages 18 to 55

Youth Term Coverage

For children ages 15 days to 17 years, this term policy offers affordable term policies that can be converted to up to $50,000 of permanent coverage up to age 30. Single premium or periodic premium plans are available. Plus, the insured child is eligible to apply for a post-high school tuition scholarship later in life.1 Learn more here…

Grow With You ULT Combo Plan

Our ULT Combo life plan offers you the economy of term life insurance with the cash-growth advantages of permanent universal life insurance. Purchase a combo plan from Catholic United and save money versus buying each type of protection separately. The ULT Combo plan also offers term conversion opportunities.

Learn with us

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Become a member and become something more

Membership in Catholic United Financial starts after you purchase a product from us. Membership means aligning your finances to your faith, and:

  • Making our grants, scholarships and incentive programs possible
  • Encouraging volunteer work and training
  • Fundraising for Catholic parishes, schools and religious education programs
  • Participating in the business decisions of a company that is member-owned and operated
  • Bringing benefits to your local Catholic community

1 Parents must be beneficiaries. Convertible to up to $50,000 in permanent coverage before expiration without further evidence of insurability. Membership includes eligibility to apply for post-high school tutition scholarship available to members in good standing (minimum of 2 years). Forms 06T-1, 08SPYT-1