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Compare short-term life insurance

Buy temporary protection to bridge coverage gaps — or if you're taking on a dangerous job or hobby.

1 - 5 of 6
Name Product Issue age Minimum Coverage Maximum Coverage Term Lengths Medical Exam Required
Policygenius - Life Insurance
18 - 85 years old
10, 15, 20, 25, 30 years
Depends on provider and policy
Compare 12+ top insurers side-by-side to get the best possible deal, and shop return of premium policies online.
20 - 60 years old
10, 15, 20, 25 or 30 years
No, for coverage up to $3M
Apply for term life insurance online without the medical exam. Get an instant decision and adjust your coverage at no charge.
18 - 60 years old
10, 15, 20, 25, 30 years
Apply for term life insurance in minutes and get an instant decision all online. Plus, you’ll get to skip the medical exam.
Nationwide life insurance
18 - 80 years old
10, 15, 20, and 30 years
Depends on policy
Select Go to site to apply for Nationwide Life Essentials: 21-55 years, no medical exam required.
JRC Life Insurance
JRC Life Insurance
18 - 85 years old
10, 15, 20, 25, 30, 35, 40 years to lifetime/age 121
May be required
Compare policies up to $10 million from 45+ top insurance companies with the click of a button.

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Short-term life insurance is ideal for covering short-term needs, like a hazardous job contract. It’s also a good way to bridge any gaps in your coverage. But if you have financial dependents or obligations lasting several years, it may not be enough.

What is short-term life insurance?

A short-term life insurance policy pays out a lump sum benefit if you die during the specified term. Unlike a traditional term life insurance policy which generally lasts five, 10 or 15 years — a short-term policy is only active for a short amount of time.

Depending on your insurer, you could get a policy that covers you anywhere from a few months to five years.

When is a short-term policy a good idea?

A short-term policy can be purchased by itself as a sole source of coverage, or it can be used to supplement an existing policy if you need to boost your coverage for a short period of time.

Short-term coverage might make sense in these situations:

  • You’re traveling. If you’re going to be abroad and you want to make sure your family is financially safe while you’re traveling, a short-term policy can offer peace of mind.
  • You’ll be in a dangerous situation. This can include physical danger, like extreme sports, or medical danger, like living in an area with a disease outbreak.
  • You’re paying off a short-term debt. A short-term policy can make sure that your debts are paid off if something happens to you.
  • You recently lost your job. If you had a group life insurance policy through work and lost your job, a short-term policy can be stopgap measure while you search for a new job that might let you sign up for a group policy.
  • You need to wait to get a longer policy. Short-term policies can be more affordable than long-term policies, making them a common option for people who can’t afford a longer policy right now.
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How much does short-term life insurance cost?

Rates can vary significantly depending on on your insurer and personal history. Your premiums will be based on your:

  • Age. Younger policyholders will generally pay lower premiums.
  • Gender. Men generally pay more than women due to a shorter expected lifespan.
  • Occupation. The types of risks that you are exposed to while you are at work will also affect the premiums you pay. If you work in a high-risk occupation, such as mining or firefighting, expect to pay higher premiums.
  • Health. If you have a pre-existing medical condition, your premiums will be higher than those who are in good health.
  • Lifestyle. Smoking, excessive drinking and an unhealthy weight can all lead to higher premiums.
  • Hobbies and pastimes. The activities that you do outside of work can increase your premiums, especially if they’re considered to be risky, such as skydiving, parasailing and scuba diving.

How do I buy short-term life insurance?

A handful of insurers offer short-term life insurance, including AIG, Legal & General and Prudential. It’s often marketed as annual renewable term (ART) life insurance, which is a one-year policy that your insurer guarantees to renew for a set number of years known as the “insurability period.”

The process of buying short-term life insurance is the same as any other policy type:

  1. Compare policies and riders from a range of life insurance companies.
  2. Get quotes from your top picks.
  3. Choose the best policy.
  4. Apply for coverage. This may involve filling out a health questionnaire or taking a medical exam.
  5. Pay your premiums on time to ensure your policy doesn’t lapse.
  6. When the end of your term is approaching, decide if you want to renew your coverage.

Bottom line

A short-term life insurance policy can be a useful way to get temporary coverage or increase your coverage while you’re facing an additional risk. But for long-term peace of mind, compare life insurance policies with longer term lengths to find one that fits your needs.

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