A 30 Year Term Life Insurance Policy is a type of life insurance coverage that provides protection for a specified period of time, in this instance it would be 30 years.
It’s an easy way to provide for your family if you pass away prematurely. In most cases you can qualify for coverage without a medical exam. After 30 years you can choose to renew your term insurance policy at the premium for your age at that time.
Your option to renew your policy is usually guaranteed without taking a physical until age 65. Or, you may be able to convert your policy to a whole life insurance policy until age 65.
This type of policy can help you provide protection for your family for future long-term expenses. Examples may include your home mortgage and future college tuition for your children.
Term Insurance is pure protection. There’s no cash value that builds within the policy. So you get the maximum protection for the lowest cost.
With Level Term Life Insurance your rate is guaranteed to remain the same for the entire 30 year period. Your rate won’t increase and your coverage will remain the same for the full twenty years.
In addition, you have the option of purchasing term life insurance with no exam needed, from an "A-" rated life insurer which provides a 30 day money-back guarantee.
If you’re just married, expecting a child, already have children, or bought a new house – you may be considering 30 year term life insurance rates and coverage.
Now may be a good time to shop around for life insurance, especially if you or your spouse would have a tough time paying the mortgage, or monthly expenses, without the other's income. If you’re in good health you can buy an inexpensive term insurance policy now and lock in low premiums for up to 30 years.
30 year level term life insurance offers you a level death benefit, with rates that remain fixed for 30 years. Your premiums will never increase during the period of your policy. However, at the end of the 30 years, you may want to purchase another policy to continue coverage, if needed at that time. If you do buy another policy, your rates will be higher, based on your age and health at that time.
Not sure how much life insurance you need? Use the free and easy term life insurance calculator to find out now.
By comparing quotes for 30 year term life insurance, you may save up to 75% on your life insurance policy. It’s quick and easy, just fill out one form to compare rates.
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