The Importance of Offering Term Life Insurance to Firefighters

Understanding the coverages that you should offer your firefighters is extremely important to the morale of your department. Life can be unpredictable and protecting members’ financial independence and families in an unexpected occurrence is crucial. Term life insurance is the perfect policy for families looking for coverage for a set amount of time. Plus, term life insurance rates are more affordable than whole life insurance since it offers protection for a predetermined time. 

Let’s take a closer look at some of the ways in which group term life insurance can benefit your team.


You have many options when it comes to term life insurance. Coverage can last as little as one year, as with annual renewable term life. Or you can lock in rates for as few as five years if you need to cover a short-term debt like tuition expenses while your child is in college. Policies also come in 10-, 15-, 20- and 30-year terms. For instance, if you want a policy that can cover your mortgage and your children’s college tuition, a 30-year policy could be the best fit. Therefore, young families greatly benefit from this coverage. 

Group Term Life Insurance provides 24-hour coverage where benefits are payable on or off duty. There are no medical questions for coverage to be issued. The program allows for different levels of benefits for varying classes of membership and features Accelerated Death Benefits, Continuance Provisions, and Conversion Rights. 

Thriving Families

Due to the fact that term life does not build cash value and only covers a specific period, it is typically less expensive than whole life insurance and much better value for young families. It is very common for many young families to be financially stressed, shouldering the costs of caring for small children, a mortgage, perhaps an auto loan, saving for college and retirement and other expenses. Term life insurance can provide peace of mind without forcing them to fork out even more hefty expenses.

Simplicity is Key 

Term life insurance is simple and quite easy to understand, which makes determining how to lock it in and use it such a breeze. You need to discuss your needs with your agent and make only two main decisions, which are coverage amount, and length of the term. As long as premiums are paid, coverage is secured for the duration of the policy. For many people, term life insurance is a simple, affordable way to safeguard the financial health of loved ones if something happens to happen to them. 

About Provident Insurance Programs

With roots dating back to 1902, Provident Insurance Programs is a program administrator that serves paid and volunteer firefighters in addition to emergency medical responders with numerous custom-tailored insurance programs. We’ve also extended our expertise and experience to offer benefit plans and coverages to participant groups as well as Transportation Benefits. We are committed to continuing to provide superior customer service, and would be happy to speak with you to provide further information. Give us a call today at (855) 201-8880 to speak with one of our representatives.