Term Life
Protect What Matters Most — Without Overpaying
Term life insurance is simple, affordable protection designed to cover you during the years your family depends on you most. Whether you're raising kids, paying off a mortgage, or building your business, term life ensures your income can be replaced if something unexpected happens.
You choose the coverage amount and the term length — typically 10, 15, 20, or 30 years.
If you pass away during that period, your beneficiaries receive a tax-free payout.
It’s straightforward. It’s powerful. And for many families, it’s the foundation of a strong protection plan.
Thinking of something that lasts your lifetime? Check out permanent policies
Who Needs Term Life?
Term life isn’t for everyone — but if any of these apply to you, you should seriously consider it:
You have young children who rely on your income
You have a mortgage or large debts
Your spouse would struggle financially without you
You own a business with financial obligations
You want maximum coverage at the lowest cost
Term life is especially powerful for families in their peak earning and responsibility years.
Life Insurance can also include Living Benefits, giving you access to your money in the event of a critical or chronic illness diagnosis.
Strategic Laddering: Smarter Term Coverage
Most people buy one large policy and keep it the same for 20–30 years.
But your financial responsibilities don’t stay the same forever...
That’s where laddering comes in.
What Is Laddering?
Laddering is the strategy of stacking multiple term policies with different lengths — so your coverage decreases as your obligations decrease.
$500,000 – 30 year term
$500,000 – 20 year term
In the early years, you’re covered for $1,000,000.
After 20 years, one policy drops off — reducing your premium and aligning coverage with your reduced mortgage and grown children.
Why I Love Laddering
Because protection should evolve with your life.
As your mortgage decreases, your savings grow, and your kids become independent — your insurance should reflect that.
Laddering helps you:
Lower long-term premium costs
Avoid unnecessary overcoverage
Match coverage to real-life responsibilities
Build a smarter financial foundation
It’s one of the most overlooked strategies in life insurance — and one of the most effective.
frequently asked questions
How much term life insurance do I need?
A common rule is 10–12x your income, but that’s just a starting point. We look at mortgage balance, debt, income replacement, kids’ expenses, and long-term goals to determine the right number.
What term length should I choose?
It depends on your stage of life. Many families choose 20 or 30 years to align with mortgage payoff and child-raising years. Others may combine terms using a laddering strategy.
Is term life insurance expensive?
For healthy individuals, term life is typically the most affordable form of life insurance. Many young families can secure substantial coverage for less than a monthly streaming subscription.
What happens when the term ends?
When the term expires, coverage ends unless you renew or convert (depending on the policy). We plan ahead so you’re not caught off guard.
Can I convert term life to permanent coverage?
Many term policies offer conversion options to whole life or universal life without new medical underwriting. This can be valuable if your health changes later.
What are Living Benefits
Living benefits are features included in many modern life insurance policies that allow you to access a portion of your death benefit while you’re still alive if you’re diagnosed with a qualifying serious illness — such as cancer, heart attack, stroke, or a chronic or critical condition.
Instead of only paying out after death, living benefits provide financial support when you may need it most — helping cover medical expenses, lost income, or household costs during recovery. Any amount used is simply deducted from the final death benefit.
Ready to protect what matters most?
It only takes a few minutes to find out what coverage is right for you.
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The Tubbs Agency is a trusted insurance agency based in Ardmore, Oklahoma, proudly serving clients in Ardmore, Durant, Ada, Madill, Sulphur, Davis, Lone Grove, Tishomingo, Kingston, Marietta, Texoma, and surrounding Southern Oklahoma communities.
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