Term Life Insurance Quotes and Rates
Instantly get Term Life Insurance Quotes from the top insurance companies in the
industry. Get the best rates and policies fast, no-cost or obligation. Our network
of life insurance companies is one of the largest in the industry.
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Simply complete our online insurance quote form and our network of insurance agents
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Protect Your Family, Ensure Their Financial Security
With the many financial obligations that come along with life, it is important to
have life insurance that will protect your family in the event of your death. With
a term life insurance policy you can be at ease knowing your loved ones will have
the ability to cover existing liabilities in the event of your death. These can include car debt, mortgages, education
expenses, credit card debt and funeral costs.
How to Choose The Right Type of Life Insurance
It is easy to become overwhelmed when presented with the different types of life
insurance. It is important to consider your insurance needs when deciding on the
right type of insurance to purchase. The most important considerations are the length
of time the insurance is required, the death benefit desired, and the affordability
of the premiums.
Term life insurance is the most straightforward type of insurance, offering a guaranteed
death benefit over a specific length of time in exchange for a set premium amount.
When the term expires, the policy terminates. Term life insurance is affordable
and offers purchasers the ability to obtain a higher death benefit at a cost less
expensive than any other type of life insurance on the market.
Universal life insurance is a more permanent type of life insurance that allows
policy owners to build tax-deferred cash value from their policy. The account value
builds over time, earning interest and allowing the ability to take loans or make
withdrawals for personal needs. Universal life insurance offers the flexibility
of a death benefit combined with tax-deferred growth of the cash value of the policy. It also has
the advantage of access to the cash value.
Whatever type of insurance you decide is right for you, use our free online quote
system to determine premium amounts for your selected coverage.
What is Term Life Insurance and How Does it Work
Term life insurance is the type of life insurance most people think of when they
hear the words life insurance. As the most common and most affordable type of life
insurance, it provides coverage for a specific length of time, or term. Term lengths
can range anywhere from 1 to 30 years. The amount of coverage, or death benefit,
is highly variable and can range anywhere from several thousand dollars to millions
of dollars, depending on the needs of the purchaser. Premiums are specified at the
time of purchase, making term life insurance payments predictable. The amounts of
the premiums directly relate to your age, health status, desired coverage amount
and length of coverage.
If the insured individual passes away during the term of the policy, death benefits
are paid to the stated beneficiaries, provided all premium payments have been made.
If the term of the policy ends while the insured individual is still living, the
policy simply terminates and no death benefit is paid.
Getting a quote for a term life insurance policy from us will allow you to get a
quick idea of how much various face amounts and coverage lengths will cost. You
can learn a lot more about life insurance by visiting:
Life Insurance Quotes
How Much Life Insurance Do You Need?
The amount of life insurance that you need depends largely on your age and income.
The general guideline for determining term life insurance coverage amount is to
multiply your current pre-tax income by a minimum of 5. Life insurance provides
your survivors with the money to cover outstanding debts and everyday expenditures
after your death, but is also useful to cover other major expenses. Keep the following
needs of your survivors in mind when determining the right amount of life insurance
- Your yearly income
- How many years you want to protect your family
You should also consider all of your expected expenditures:
- Funeral costs
- College tuitions
- Retirement contributions
If you are unsure about the amount of life insurance you need to adequately need
to protect your family, our Life Insurance Needs Calculator can help you determine
an appropriate amount of life insurance to consider.