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, consider the option of renewability which allows you to renew your term life policy for another 10 year term when the current policy expires, without having to prove insurability or take a medical exam. Your renewal rate is based on your age at renewal of the term life policy.
In
addition, some Term life insurance policies offer riders adding additional coverage that might help you achieve your
life insurance goals. These additional coverages may include a Child Rider, Accidental Death Rider, Waiver of
Disability Rider, Disability Income Rider, and more.
Here's how you can learn more about term life insurance and compare rates instantly.
