Term Life Insurance

Help protect your family’s quality of life in the event of your untimely death.

LGFCU offers term life insurance to provide your loved ones with the resources they may need to pay off outstanding medical, funeral or other debt when you no longer can.

Time structure for term life

Term life insurance is available for a specified period of time — 10, 15, 20, 25 or 30 years, depending on the age of the applicant. It’s offered as a level death benefit — one that remains the same throughout the policy period.

Benefits for you

This product provides pure insurance protection and you have the option to pay the premium monthly or annually. Monthly payments are drafted from your checking account. Premiums will not increase during the term elected for coverage. If you continue coverage beyond the original term annual renewable rates do increase.

Coverage options

Simplified issue products and fully underwritten policies are available. Simplified issue products allow for coverage amounts of $25,000 to $250,000. Fully underwritten policies may be available for coverage amounts greater than $250,000.

Next Steps

Start planning for your family’s future security today. Call the Contact Center at 888.732.8562 or visit your local branch.1

1. Life insurance is underwritten by SECU Life and CMFG Life Insurance Companies. Licensed to sell insurance in North Carolina only. These insurance products are not deposits and are not federally insured or guaranteed by your Credit Union.