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Term life insurance

Help protect your family and your wealth from financial setbacks.

What is term life insurance?

Term life insurance provides a defined amount of coverage, at a fixed-level premium, for a specific period of time. It generally offers lower premiums compared to permanent life insurance, and is ideal for periods of increased risk and exposure. If the conditions of your policy are met, your beneficiaries will get a lump sum equal to the amount of coverage you purchased.

Key benefits of term life insurance

Protect your wealth

Safeguard your assets and shield your family from financial setbacks.

Meet short-term financial needs

Term life insurance can be used to fulfill financial demands like paying off debt or replacing lost income.

Receive a fixed pay-out

If the conditions of your policy are met, your beneficiaries receive a lump sum equal to the amount of coverage you purchased.

How does term life insurance work?

Term life insurance provides protection for your wealth and your financial objectives. When you purchase this insurance policy, you are insured for a defined amount of coverage, at a fixed premium, over a specific period of time (10, 15, 20, or 30 years). If the conditions of your policy are met, your beneficiaries receive a lump sum equal to the amount of coverage you purchased.

Some examples of how the policy’s proceeds can be used are:

  • Paying off a mortgage
  • Replacing your income during child-rearing years
  • Funding college tuition

You may be able to continue coverage after the original period selected, but at an annually increasing premium.

Helpful resources


If you're considering insurance, it helps to understand the types of policies, what they cover, and the most common terms.


Discover key findings from our report looking into global protection needs. We look at how much family members depend on each other and how financially secure people are feeling.


Find the right approach to protecting your family against risk and discover what to look for in insurance policies.

Get started with term life insurance

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Our licensed insurance specialists can conduct a thorough needs analysis to help you determine what type of life insurance is right for you.

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If you’re an HSBC Premier client, log on to online banking to schedule an appointment with your Wealth Relationship Manager, or call:

If you're an HSBC Private Banking client, call:


Monday through Friday, 8:30am to 5pm Eastern Time

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Investment, annuities, and variable life insurance products are offered by HSBC Securities (USA) Inc. (HSI), member NYSE/FINRA/SIPC. In California, HSI conducts insurance business as HSBC Securities Insurance Services. License #: OE67746. HSI is an affiliate of HSBC Bank USA, N.A. Whole life, universal life, term life, and other types of insurance are offered by HSBC Insurance Agency (USA) Inc., a wholly owned subsidiary of HSBC Bank USA, N.A. Products and services may vary by state and are not available in all states. California license #: OD36843.

Investments, Annuity and Insurance Products: Are not a deposit or other obligation of the bank or any of its affiliates; Not FDIC insured or insured by any federal government agency; Not guaranteed by the bank or any of its affiliates; and subject to investment risk, including possible loss of principal invested.

All decisions regarding the tax implications of your investment(s) should be made in connection with your independent tax advisor.

Research backgrounds of brokers and firms for free by visiting FINRA's BrokerCheck website.

Environmental, Social & Governance (“ESG”) and Sustainable Investing (“SI”)

HSBC Securities (USA) Inc. (“HSI”) does not provide recommendations or advice on any products based on ESG or SI considerations except in certain discretionary solutions or based on HSBC Group’s* policies. Customers can purchase ESG/SI related products on our platform on a self-directed basis. For our general ESG/SI disclosure, click Disclosures- HSBC. Information about HSBC Group’s approach to Sustainability can be found at Our climate strategy | HSBC Holdings plc.

*HSBC Group refers to HSBC’s global affiliates.