If you're considering term life insurance, there are some things you should know before making your purchase.

For instance, did you know that term life is temporary life insurance?

That's right. Which means, you may outlive your life insurance coverage.

And, term life offers several different "term" options so you can choose coverage to meet your specific needs; for example, coverage for a term of 10, 15, 20, 25 or 30 years.

The longer your policy term, the higher your annual cost of term life in...

Continue reading ...

Term life provides simple relatively inexpensive life insurance coverage for a specified period of time.

It's cheap, flexible and easy-to-understand.

Term life offers the lowest prices on short term insurance for up to 30 years of coverage.

You can choose a term of 10, 15, 20 or 30 years of life insurance protection to meet your needs.

If you die during the term of your life insurance policy, your beneficiary receives the death benefit.

If you outlive the duration of your term life policy, your li...
Continue reading ...

There are many things to consider when buying a life insurance policy.

First, what is it you want your life insurance to accomplish?

How long do you want your life insurance protection to last?  

How healthy are you?

How much can you safely afford to spend on your life insurance policy?

The answers to those questions will give you a better idea of what to look for when shopping for your policy.

In addition think about how much life insurance you really need, and if you are marrie...

Continue reading ...

Before choosing a life insurance plan you may want to consider the following questions to assist you in choosing the right life insurance:

1. What is the AM Best financial strength rating of the life insurance company?

2. Are the rates for your life insurance coverage guaranteed not to increase?

3. Will this life insurance policy build up any cash value over time?

4. What happens when the terms of the term life insurance policy ends?

5. What riders for additional coverag...

Continue reading ...

There are several features to consider when comparing term life insurance policies, including:

1) The price and death benefit are guaranteed to stay the same for the full term,

2) How long the term lasts - 5, 10, 15, 20 or 30 years?

3) The term life policy is convertible to permanent life insurance without evidence of insurability for an extended period of time, and

4) The life insurance carrier is reputable and highly rated by AM Best Company for financial strength.

Also, c...

Continue reading ...

According to LIMRA in 2011, 7 in 10 U.S. households own some type of life insurance coverage.  

Nearly half of all U.S. households own individual life insurance policies.  Fifty-eight million, or half of U.S. households say that they need more life insurance protection, that they feel they are under-insured.  

Most individual life insurance policies "In Force" are permanent life insurance (71%) rather than term life insurance (29%).

Life insurance is one of the most important p...

Continue reading ...