The policies we offer have a maximum term length of 30 years. Depending on the state that you live in and your age, you may be able to choose a 10-, 15-, 20-, 25- or 30-year term length prior to purchasing the policy.
For the states where 10-, 15-, 20-, 25- and 30-year term lengths are available, the default term length on your application is 15-year term. If you’re approved for coverage, you can change your term length prior to purchasing. If you want to select the term length prior to applying, you can do so from here.
Term length availability also depends on your age. If you are age 45 or younger, you'll be able to choose from all term length options. Ages 46-49 are eligible up to 25-year term and ages 50-60 are eligible for a maximum term length of 20 years.
There are states where selecting the term isn’t an option at the moment, and for those states, Fabric only offers a 20-year term life policy.
Your term begins once your application has been approved and your first payment has been received.