15-Year Term Life Insurance
Over 100 Carriers to Quote From. Here are a few of them!
15-Year Term Life Insurance offers affordable, mid-range protection for focused needs—covering the years when income, mortgage, and education costs matter most. At Diversified Insurance Brokers, we help you compare 15-year policies against shorter and longer terms so your coverage matches your timeline and budget.
Request a Term Life Insurance Quote
Compare 15-year term coverage with 10- and 20-year options to find the right protection period for you.
Why Choose a 15-Year Term?
- Affordable fixed premiums for a defined period with no surprises.
- Great for mid-range goals like paying off a 15-year mortgage or covering kids through college.
- Flexibility to reassess later instead of overpaying for longer coverage you may not need.
Is 15-Year Term Right for You?
- You expect to reach financial independence within ~15 years.
- You want cost-effective protection for dependents during peak obligation years.
- You’re comparing against other terms: see our 20-Year Term Life Insurance and 10-Year Term Life Insurance.
Compare Real-Time Term Life Quotes
See live pricing for 10-, 15-, and 20-year terms—plus permanent options—so you can choose confidently.
Life Insurance Quoter
Policy Comparison: 10-Year vs 15-Year vs 20-Year vs Permanent
| Option | 10-Year | 15-Year | 20-Year | Permanent |
|---|---|---|---|---|
| Duration | 10 years | 15 years | 20 years | Lifelong |
| Premium Cost | Lowest | Low | Moderate | Highest |
| Best For | Short-term needs | Mid-range goals (mortgage, college) | Longer obligations & income replacement | Legacy/estate needs & cash value |
Case Example
A 52-year-old nearing retirement chose a 15-year term to cover their remaining working years and mortgage payoff window. The policy provided strong income replacement at a lower cost than a 20-year term while still spanning their highest-risk years.
Why Work with Diversified Insurance Brokers?
Since 1980, we’ve helped clients match term lengths to real-life timelines. With access to 75+ carriers, we’ll compare 15-year, 20-year, and 10-year terms—and permanent options—so you get the best fit. Learn more about our life insurance services, explore burial insurance, and see why families choose us.
FAQs: 15-Year Term Life Insurance
What is 15-year term life insurance?
It’s coverage with level premiums and a fixed death benefit for 15 years. If you pass away during the term, the policy pays your beneficiaries; if you outlive it, coverage ends unless you renew or convert.
Who is a 15-year term policy best for?
People with mid-length obligations—like the remaining years on a mortgage, funding kids’ education, or income protection through peak working years.
Are premiums level for the full 15 years?
Yes. Most 15-year term policies have guaranteed level premiums and a guaranteed death benefit for the entire term.
What happens when the 15-year term ends?
Coverage typically expires. Many policies allow annual renewal at higher rates, or you can apply for new coverage. If your policy is convertible, you may switch to permanent insurance without a new medical exam (within the carrier’s conversion window).
Can I convert a 15-year term policy to permanent coverage?
Often yes. Many carriers include a conversion option for a limited time, letting you move to a qualifying permanent policy without new medical underwriting.
How much coverage do I need for 15 years?
A common approach is 10–12× annual income, adjusted for debts, future tuition, and existing savings. A needs analysis can refine the amount to your goals and budget.
How does 15-year term compare to 10- or 20-year term?
It’s a middle ground: usually pricier than 10-year but cheaper than 20-year. Choose the term that matches how long your financial responsibilities last.
Can I get approved with health issues?
Often yes. Underwriting varies by carrier; some offer favorable guidelines for certain conditions or simplified-issue options with no exam.
Talk With an Advisor Today
Choose how you’d like to connect—call or message us, then book a time that works for you.
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Licensed in all 50 states • Fiduciary, family-owned since 1980
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