Showing Tag: "term policy" (Show all posts)

What is the Meaning of a Term Policy?

Posted by hadley hadley on Monday, January 16, 2023, In : Life Insurance FAQ's 

A term life insurance policy is a type of life insurance plan that provide temporary coverage usually lasting for a policy term (duration) of up to thirty years.

However, there are several policy terms to choose from, including 10, 15, 20, 25, 30, 35, or 40 years, depending on your age.

The shorter the policy term, the lower your annual cost of life insurance, because you have a lower probability of dying during the shorter term.

If the insured person dies during the policy term, the death benef...
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What is a Term Policy Premium Calculator?

Posted by hadley hadley on Sunday, January 8, 2023, In : Life Insurance FAQ's 
A term life insurance policy premium calculator is a calculator you can use to find out how much term life insurance will cost.

You just fill out the quote request form and click on a button and the calculator will give you free quotes from several leading life insurance companies instantly, right on your screen.

By using a term policy premium calculator you can shop and compare the best pricing for term life insurance, quick and easy, from the comfort of your home, or anywhere, at anytime.

Usin...
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Which Term Policy is Best?

Posted by hadley hadley on Wednesday, January 4, 2023, In : Life Insurance FAQ's 
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 ...
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What is a Renewable Term Policy?

Posted by hadley hadley on Tuesday, December 27, 2022, In : Life Insurance FAQ's 
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 ...
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What is a Term Policy with a Renewability Option?

Posted by hadley hadley on Thursday, November 24, 2022, In : Life Insurance FAQ's 

A Renewable Option is a Clause in a Term life insurance policy that allows you to extend your life insurance coverage beyond the original term, even if your health has declined, usually on an annual basis, and without a medical examination required in order to qualify for the renewal life insurance policy.

You won’t have to re-qualify for a new life insurance policy, but your extended renewable term life insurance coverage may raise your current policy premium. That means, if you want to ren...


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What are the Characteristics of a Term Life Insurance Policy?

Posted by hadley hadley on Friday, April 8, 2016, In : Life Insurance FAQ's 

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...


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