What is Term Life Insurance?

Term life insurance is a type of life insurance that covers you for a limited amount of time. It is a simple, straightforward policy to provide protection to your loved ones for temporary needs. Once the policy term is up, you can decide whether to renew or let the coverage end. With term life insurance, you pay a premium and your beneficiary receives a certain amount of money if you pass away while the policy is in effect. Unlike permanent life insurance, term life insurance is a temporary form of insurance designed to expire as your financial obligations expire.

Who Needs Term Life Insurance?

Term life insurance is ideal for people with time-bound financial obligations. Those who are interested in protecting a young family on a tight budget, shielding your family form remaining mortgage payment should you unexpectedly pass, or replacing lost income in the event of your unexpected passing. Additionally, term life insurance can provide funds for your children’s college in case of an unexpected event and can help your loved ones pay off any loans you leave behind unexpectedly. It is an important insurance policy for any family, as unexpected events can happen to anyone.

What Term Life Insurance Options Do I Have with Mark Deaton?


10-Year Term* – A 10-Year Term covers your family for 10 years.

15-Year Term* – This option covers your family for 15 years.

20-Year Term* – A 20-Year Term provides your family with coverage for 20 years.

Annual Renewable Term –  This option allows you to review and renew your coverage annually, with a level death benefit and adjusted premiums.

Young Adult Insurance – This special option is available to Knights and their spouses aged 18-29 in order to help them establish their insurance protection.


* With the Accelerator Term Insurance series, which provides you with the unique opportunity to increase your coverage amount by 25% to keep up with inflation and salary increases for an extremely low cost.

Beneficiary Options:

A term life insurance with Mark provides you with the option to decide whom your death benefit goes to. This could be a spouse, a trust, family, children, or even a charity. Additionally, you may have more than one beneficiary, with the proceeds being divided proportionally.

Additional Features and Benefits:

There are many special features and benefits available to help you customize your term life insurance policy, such as full conversion, which allows you to convert your Accelerator Term Insurance into permanent coverage. Mark can assist you in determining which of these features and benefits are best for you based on your age and policy specifications.

Why Choose Mark Deaton For Term Life Insurance?

Mark’s term life insurance policies are designed to provide you with the maximum amount of coverage at competitive, affordable rates. All rates are guaranteed for the life of your policy, along with the amount of money provided to your family in the event of your passing. As an added benefit, you can also convert some or all of your term life insurance into permanent life insurance at a later date without further proof of insurability, depending on the customization of your policy. While you may be denied permeant coverage elsewhere, Mark’s policies ensure that you can secure permanent coverage should your health change. The benefits of a term life insurance policy from Mark can give you peace of mind knowing your family will always have secure protection.