— where your peace of mind is our priority.

We are committed to offering comprehensive, tailored insurance solutions that protect you, your family, and your business from the unpredictability of life.  

providing tailored coverage,

designed to match your unique needs.

Our expert team, armed with extensive industry knowledge, offers you the most advantageous advice while ensuring unparalleled customer service at every step of your insurance journey. By partnering with top-rated insurance providers, we deliver the best policies at competitive rates. At OnePoint, we're not just an insurance agency; we're your trusted partner in securing a worry-free future. Experience the OnePoint difference today!

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providing tailored coverage,

designed to match your unique needs.

Our expert team, armed with extensive industry knowledge, offers you the most advantageous advice while ensuring unparalleled customer service at every step of your insurance journey. By partnering with top-rated insurance providers, we deliver the best policies at competitive rates. At OnePoint, we're not just an insurance agency; we're your trusted partner in securing a worry-free future. Experience the OnePoint difference today!

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Elderly couple discussing term life insurance with an advisor

What Is Term Life Insurance? Understanding Your Most Affordable Life Coverage Option

Life insurancelearn

July 15, 2025•3 min read

A Simple, Smart Way to Protect What Matters Most

Term life insurance offers straightforward, affordable financial protection for your loved ones. It pays a guaranteed death benefit if the insured passes away during a specified term often 10, 20, or 30 years. Unlike permanent life insurance, term coverage is focused purely on protection not cash value.

At OnePoint Insurance Agency, we help individuals, families, and business owners across Georgia, Texas, Florida, Illinois, Alabama, Arizona, and beyond find the right coverage from top-rated carriers. Whether you're protecting your mortgage, your children’s future, or your business, we’ll guide you every step of the way.

What Term Life Insurance Covers

Term life insurance pays a tax-free lump sum (death benefit) to your chosen beneficiaries if you pass away during the policy term.

Key Features:

Guaranteed Death Benefit – Financial support for your family when they need it most
Fixed Premiums – Your monthly payment stays the same throughout the term
Level Terms – Common terms include 10, 15, 20, or 30 years
Convertible Options – Many policies allow conversion to permanent life insurance
Flexible Coverage Amounts – Ranges from $50,000 to several million

Best Uses:

Paying off a mortgage or loan
Replacing income for dependents
Supporting business continuity plans
Covering final expenses or debts

What Term Life Doesn’t Cover

It’s powerful, but not perfect.

Limitations:

No payout if you outlive the term
No cash value accumulation (unlike whole or universal life)
Premiums increase significantly if you renew after the term expires
May require medical underwriting, depending on your age, health, and coverage amount

Optional Riders: You can add benefits like accelerated death benefit, waiver of premium, or child term coverage—subject to availability and underwriting.

Who Should Consider Term Life Insurance?

Term life is ideal for people who need maximum coverage at a manageable price. It's especially useful if you’re:

A young parent or spouse replacing income for dependents
A homeowner wanting coverage that aligns with your mortgage
A business owner protecting loans, partners, or key employees
A single parent or dual-income family managing household responsibilities
A budget-conscious buyer who needs coverage without high premiums

Example: A 35-year-old non-smoker in good health may qualify for a 20-year, $500,000 policy for less than $30/month.

Frequently Asked Questions

What happens when my term policy ends?
It expires with no payout. However, you can often renew, convert to permanent coverage, or explore new options.

Can I get term life insurance without a medical exam?
Yes. Some insurers offer no-exam policies with simplified underwriting, though premiums may be higher or coverage more limited.

What’s the difference between term and whole life?

Term life lasts a set number of years and has no cash value.
Whole life lasts for life, builds cash value, and is significantly more expensive.

Is the death benefit taxable?
Generally, no—life insurance death benefits are tax-free to your beneficiaries.

Can I cancel my policy?
Yes. You can cancel anytime with no penalty, but premiums paid are not refunded.

How OnePoint Can Help

As an independent agency, OnePoint compares policies across multiple top-rated carriers to find the best combination of price, flexibility, and protection.

We’ll help you:

Break down your options in plain English
Estimate the right coverage amount
Navigate the health questions and application process
Support you through every policy change, upgrade, or renewal

Whether you're just getting started or fine-tuning your financial plan, we’ll meet you where you are.

Get a Quote or Learn More

Your Questions Answered

What types of insurance does OnePoint Insurance Agency offer?

OnePoint Insurance Agency offers a wide range of insurance products, including home, auto, life, business, group health, group disability income, individual disability income, long-term care, short-term care, and critical illness insurance.

Where is OnePoint Insurance Agency located?

Our office is located in 555 North Point Center E Suite 400, Alpharetta, GA 30022

How can I get an insurance quote from OnePoint Insurance Agency?

You can get an insurance quote by visiting our website and filling out a quote request form, calling our office, or scheduling an appointment with one of our agents.

What makes OnePoint Insurance Agency different from other insurance agencies?

OnePoint Insurance Agency is an independent agency, meaning we can shop around with multiple insurance carriers to find the best coverage and rates for our clients. We also provide personalized service and tailored solutions to fit each client's unique needs.

How can I contact OnePoint Insurance Agency for customer service?

You can contact us by phone, email, or through our website's contact form using this link Our customer service team is available to assist you during our regular business hours.

Do you offer any discounts on insurance policies?

Yes, we offer various discounts on insurance policies, depending on the type of insurance and the specific carrier. Our agents can help you identify and apply any available discounts to your policy.

Can OnePoint Insurance Agency help with claims?

Absolutely. Our team is here to assist you throughout the claims process, ensuring you receive the support and guidance needed to resolve your claim efficiently.

What information do I need to provide to get an accurate insurance quote?

To provide an accurate insurance quote, we typically need information such as your personal details, property or vehicle information, coverage preferences, and any relevant history or documentation.

Does OnePoint Insurance Agency offer coverage for small businesses?

Yes, we offer a range of insurance products tailored specifically for small businesses, including liability insurance, property insurance, business overhead disability insurance, and more.

How can I leave a review for OnePoint Insurance Agency?

You can leave a review for OnePoint Insurance Agency on Google by following the link provided in our email or text message, or by searching for our agency on Google and selecting the option to write a review.