I want to buy a life insurance policy, but I only need it for a short period of time, what is available?
Many people need a short term life insurance policy if they lose their job, get a new position with a firm and don;t have benefits for the first several months, or had to let their previous life insurance lapse due to not having enough money available.
Whatever your reason for needing a short term life insurance policy, plans are available offering coverage for anywhere from 1 year up to 30 years of term life insurance protection.
If you need the cheapest coverage a 1 year renewable term life insurance policy may help you out, but the premiums do increase each year. So, if you need longer coverage you may want to consider a 5 or 10 year level term life insurance plan which offers the lowest rates for that period of time.
Remember, if you outlive the term of your policy the coverage expires. But, renewable term life insurance allows you to renew your policy at a higher rate without having to take a physical exam to qualify for renewal.
Here's how you can
buy short term life insurance online, if you qualify.
