Illinois Mutual Life
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Illinois Mutual Life
Contact Us
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Term Life Insurance

Term insurance, as the name implies, provides protection for a particular term or length of time, and therefore pays a benefit if you die during the term period.

Term insurance is the lowest premium life insurance available which allows you to maximize your coverage at a very affordable cost. With term insurance, you are purchasing "pure" life insurance, which means life insurance is all that is included - no cash values build within the policy as is the case with permanent life insurance.

Illinois Mutual's Term Life policy is specifically designed to meet the needs of today's basic life insurance buyer. It offers flexibility, choice and competitive prices.

How Does It Work?

You choose the term of the policy, within the limits offered by Illinois Mutual – 10, 15, 20 or 30 years. The policy provides level death benefit protection for the full term period. With this type of coverage, you receive protection at a low-cost level premium that fits your budget.

Each Term Life plan is guaranteed renewable and convertible to a permanent policy, which means when the specified term ends, you may choose to renew the term coverage or convert your term policy to a permanent life insurance plan without having to prove you are still insurable. The premium for the term renewal period or conversion to a permanent plan will be adjusted.

Money-back Option

Return of Premium Term is ideal for individuals interested in basic term protection but hesitant to purchase life insurance. By choosing the 15, 20 or 30-year Return of Premium Term plan, a death benefit is there if you need it. If the benefit is not needed, you will receive a 100 percent return of all base premiums* paid at the end of the term period, as long as your policy is in force.

Return of Premium Term offers you the best of both worlds - affordable protection if you need it, money back if you don't. Because of this, many value-driven consumers choose this unique solution for their life insurance protection.

      •More life insurance at a lower cost (see Term Calculator for an estimate of the cost).
      •May combine term insurance with permanent insurance for the best mix in your personal situation.
      •May be renewed without proving insurability.
      •May be converted to a permanent policy without proving insurability.


U.S. States Available

  • U.S. States Available:
  • Provider Type:
    General Agency
  • Admitted:
  • Carriers:
  • Carrier Ratings:
  • Commission:
  • Min Premium:


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Illinois Mutual Life has other insurance programs like Accident Insurance.