Term Life Insurance: Straightforward Coverage for Truckers
Affordable protection for your family and your rig during the years that matter most.
What is term life?
Coverage that lasts a set number of years and pays a tax-free benefit if you pass away. Simple, budget-friendly protection for specific seasons of life.
Key features
- Fixed premiums for 10–40 years
- Tax-free death benefit
- No cash value accumulation
- Apply online in minutes
How term life works
You pay a regular premium to keep coverage active. If you pass away during the term, your beneficiary receives a tax-free lump-sum payment to help with bills, the mortgage, or everyday costs.
Term vs. Whole life
| Metric | Term life | Whole life |
|---|---|---|
| Premiums | Typically lower | Typically higher |
| Length | Fixed term (10–40 yrs) | Lifetime |
| Cash value | No | Yes |
| Best for | Temporary needs | Permanent needs + savings |
Types of term policies (at a glance)
Level vs. Renewable
Illustrative relative stability of premiums and benefits over time.
- Level: premiums & benefit stay the same.
- Renewable: premiums can rise at each renewal.
Convertible vs. Decreasing
Illustrative benefit path and optional conversion to permanent.
- Convertible: option to switch to permanent later.
- Decreasing: benefit shrinks (e.g., alongside a mortgage).
Families & mortgages
Good fit if you’ve got young kids or a house payment and want budget-friendly protection.
Critical earning years
Cover the years where your income keeps everything moving—home, rig, goals.
When it’s not ideal
If you want lifetime coverage or cash value, consider whole life or IUL.
How to apply
1) Choose coverage
Pick term length and amount that fit your budget.
2) Apply online
Answer a few questions. No-exam paths for many.
3) Get covered
Fast decisions. Activate coverage and roll.
Pros & Cons
Pros
- Lower cost compared to permanent life insurance
- Simple, fixed premium payments
- Customizable term lengths
- High coverage for the price
Cons
- Coverage ends after the selected term
- No cash value accumulation
- Renewing later may cost more
- No payout if you outlive the policy term
Get an instant quote
Why Roadway Life
Trucker-focused
We design policies around real CDL life.
Fast process
No-exam paths for many applicants.
Flexible options
Pick the term and amount that fits.
30-day guarantee*
Not a fit? Ask about our refund window.
Common questions
What does term life cover?
A tax-free lump sum for your beneficiary if you pass away during the term.
Will my premiums change?
No—premiums are fixed for your chosen term length.
Can I convert to permanent?
Some policies can convert to whole life. We’ll show options.
What term length should I choose?
Match it to your biggest obligations—kids at home, mortgage years, or loan timelines.
Is coverage available nationwide?
We work with A-rated national carriers; availability varies by state.
Still have questions? We’re here to help.
Talk with a licensed agent who understands road life.