What Is Term Layering?

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Term Layering is a concept in which you take 2 or more Life Insurance Policies with different Benefit Amounts and Different Term Lengths in order to get as close to your ideal need for coverage.  Most people believe they are limited to just 10, 15, 20, or 30 year term lengths and they try to get all their coverage in one policy.

That is the most expensive way to buy coverage! The fact is that you likely need more coverage early on, and less coverage in your later years. Instead of buying one 20 year term, you may be better off with part of your coverage in 10 year year term, another part in 20 year term and still another in a 30 year or lifetime coverage. Usually, Term Layering either lowers your cost or meets your needs better than a single policy.  Example Below.