The best type of term life insurance is the one that meets your needs and fits your family's budget.

Term life is temporary life insurance offering coverage for a duration of 10, 15, 20, 25, 30, 35, or 40 years..

Level term life insurance is the most popular and affordable type of life insurance plan.

Level term has premiums that never increase, and coverage that never decreases, during the policy term.

You can shop and compare free quotes for level term life insurance plans online by visiting a ...
Continue reading ...

A renewable term policy is a type of term life insurance plan that offers you the option to renew your coverage when your life insurance policy ends.

Term life insurance is temporary life insurance lasting up to 30 years, usually,

However, you may purchase 10, 15, 20, 25, or 30 years of life insurance coverage with a term policy.

These plans offer you the chance to continue your coverage (Renew The Policy) for a period of from one to 10 years, usually.

You will not have to take a medical exam to ...
Continue reading ...

Converting a term life insurance policy is an option people who have convertible term life insurance may exercise to convert their existing term life insurance into a permanent life insurance policy.

Some people decide they need lifetime coverage after having purchased a term (temporary) life insurance policy.

The option to convert your term policy allows you to convert your temporary life insurance into a permanent life insurance plan.

You will not need to take a medical exam to prove insurabil...
Continue reading ...

Level term life insurance is a policy that provides temporary life insurance coverage lasting for a duration (Policy Term) of 10, 15, 20, 25, 30, 35 or 40 years.

The premiums never increase and the amount of life insurance provided by the policy never decreases during the life of your term life policy.

If you outlive the policy term, the life insurance coverage ends.

If you pass away during the term of your policy, the death benefit is paid out to the beneficiary of your life insurance.

Level ter...

Continue reading ...

What should I consider when buying a term life insurance policy?

There are several key considerations before selecting your term life plan.

You'll want to make sure you take into consideration several factors:

1. How much life insurance do you need?

2. What type of term life insurance policy will be best meet your needs?

3. What is your monthly budget you can allocate toward paying for your life insurance premiums?

4. Do you need convertible term life insurance?

5. Do you need term life that is rene...

Continue reading ...

The "Term" of a term life insurance policy is the period of time you are insured.

This is the length of time you pay premiums on your life insurance.

However, if you pass away during the "Term" of your life insurance coverage, the insurance ends, and the death benefit is paid out to your beneficiary, and there are no more premiums to pay on the policy.

If you outlive the duration of your coverage term, the life insurance expires, and you pay no more premiums.

Learn more about how long you pay for...

Continue reading ...

If you own a term life policy, you may be wondering what happens when your coverage ends.

At the end of your policy term, your life insurance coverage expires, which means you are no longer insured.

You may have the option to renew your coverage for an additional term, usually for a period of up to ten years.

Your premium at renewal of your policy will increase based on your age at that time.

Or, you may choose to go without any life insurance coverage.

Another option would be to buy a new life in...

Continue reading ...

No, you cannot cash out a term life insurance policy.

Term life is pure protection, providing a death benefit payout upon the death of the insured person.

There is no cash value or investment feature to a term life policy.

Learn more about "Can I cash out a term life insurance policy?"

Continue reading ...

Term life insurance is a type of life insurance plan that provides temporary coverage lasting for a specific number of years, usually up to 30 years.

Many insurers offer term life options of 10, 15, 20, 25 or 30 years of protection.

The longer your policy term (duration), the higher your cost of coverage.

Term life insurance offers death benefit only coverage, which means there is no cash value or investment feature of the policy, only life insurance death benefits.

It's the cheapest type of life...

Continue reading ...

Can I purchase $10,000 of affordable term life insurance coverage?

Actually, it may come as a surprise that many insurance companies only offer a minimum of $25,000 or $50,000 of term life insurance. 

Few insurance carriers offer less than $25,000 of term life insurance coverage.

However, Globe Life offers $5,000 up to $100,000 of term life protection.

They do offer $10,000 term life insurance policies.

However, your premiums will depend on your age, gender, health and the state in which you live;...
Continue reading ...

If you need term life insurance protection you may be wondering which type of term life is best.

There are a few different types of term life plans to choose from including Level Term, Decreasing Term, and Annually Renewable Term, among others.

These plans vary in pricing and coverage, but the most popular type of term policy by far is Level Term life insurance because it offers premiums that never increase during your policy term, and your coverage amount never decreases during your policy ter...

Continue reading ...

Do insurers limit the number of term life policies you can buy, or is it possible to get more than one policy?

Yes, you may be able to purchase more than one term life policy.

Insurers understand that your needs for life insurance may change (grow) over time as you take on more financial responsibilities; such as, getting married, buying a home, starting a business and having children.

As your need for protection grows you may find you want to increase your amount of life insurance protection by...
Continue reading ...

If you're in the market for a term life insurance policy, there are several things to learn about and consider before making your purchase.

Here's a checklist to buying term life insurance coverage:

• Determine how long you need life insurance protection - 5, 10, 15, 20 or 30 years.
• Decide on how much life insurance coverage you will need.
• Figure out your life insurance budget.
• Comparison shop to find the most affordable plan.
• Review the financial strength ratings of the top insurer you consider for ...

Continue reading ...

Most the the term life insurance policies sold today provide guaranteed renewability, which gives you the option to continue your life insurance coverage beyond the initial rate guarantee without having to take any health exam to prove your insurability.

This renewability feature may become very important to your family if you should become sick or uninsurable during the time your are covered by your original term life insurance policy.

Another option to look for is conversion ...

Continue reading ...

There are several features that are common to most term life insurance policies.

The features of a term life insurance policy may include the following:

• Term options of 1 to 30 years, usually 10, 15, 20,or 30 year term policies are available.
  
• Level or decreasing premiums available depending on the type of term life plan.
  
• Level or decreasing life insurance coverage amount depending on the type of term life plan.
  
• Some term life insurance policies offer a return of premium if you ...

Continue reading ...

The characteristics of term life insurance coverage include temporary coverage, no cash value, and the life insurance policy expires if you outlive the duration of your term.

Term life insurance is temporary life insurance protection that usually lasts for a period of between 1 to 30 years.

Many term life policies are issued for a term of 10, 15, 20, or 30 years of coverage.

Term life insurance is pure life insurance protection, you pay only for the life insurance coverage, t...

Continue reading ...

If you take out a term life insurance policy and you out live the term then you will need to be aware of your options:

1. Your Life Insurance Premiums Will Increase. If you are nearing the end of your term and you want to continue your life insurance, you will need to pay a higher premium.

2. You Can Apply for a New Term Life Insurance Policy. If you are healthy at the end of your term life policy buy you want to continue your life insurance coverage, you can apply for a new po...

Continue reading ...

A 15 year term life insurance policy usually has the following features:

1. A set premium for 15 years.
   
2. A set death benefit for 15 years.
   
3. No cash value.
   
4. Only pays the death benefit if the insured person passes away during the 15 year term of the life insurance policy.
   

A 15 year term life policy may offer the option of renewing your coverage at the end of the term for an increase in premium.

Here's how you can learn more and compare 15 year term life insurance premiums toda...

Continue reading ...

No, you cannot take a loan out on a Term Life Insurance Policy, unless you have a Return of Premium (ROP) Term Life Insurance Policy.

Return of Premium means you will get most of your paid premiums returned to you if you are alive at the end of your term. 

However, during the term of your life insurance policy, some insurance companies may let you borrow the money that is building in the policy from the premiums paid.

If you want life insurance that allows you to take a lo...

Continue reading ...

Term life insurance policies do not have any cash value, so it is not possible to borrow from a Term life insurance policy.

Term life insurance is "pure life insurance protection" that only covers financial loss from death, and does not provide the option for accumulating cash value inside the life insurance policy over time like permanent life insurance does.

Permanent life insurance builds cash value over time and you may be able to take a loan from the cash value.

Term life ...

Continue reading ...

When comparing term life insurance policies there are several features to consider:

1. How much is the premium and how long is it guaranteed to stay the same?

2. How much life insurance coverage is provided and how long is it guaranteed to stay the same?

3. Does full coverage start immediately?

4. Is the term life insurance policy convertible to permanent life insurance without evidence of insurability, and for how long?

5. What is the financial strength rating of the life i...

Continue reading ...

A term life insurance policy is a form of temporary life insurance elating for a specific period of time.

Usually, a term life insurance plan provides coverage for 10, 15, 20 or 30 years. Your premium is guaranteed for the term of your policy, and level term life insurance has level amounts of life insurance coverage for the entire term of your policy.

If you die during the term, your life insurance pays out a death benefit to the person you chose as beneficiary.

If you outlive the term of your ...
Continue reading ...

Term life insurance is a type of temporary life insurance which lasts for a certain period of time.

Usually, term life policies provide coverage for a term (duration) of 10, 15, 20 or 30 years.

When the term ends, the life insurance coverage expires, you have no more life insurance.

The term life insurance does not end at a specific age, but the anniversary date of the end of the term for your policy.

When the term comes to an end, you may renew your policy for another term, or apply for a new li...
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 ...

No, you cannot borrow money from a term life insurance policy.

A term life policy does not build up any cash value inside the policy over time like a permanent life insurance policy.

Term life is "pure protection", not an investment.

You may cancel your term life policy and you may get some of the premiums paid back, but there is no money inside the policy to borrow from, just life insurance protection.



Continue reading ...