Advantage of Term Life Insurance
What is the advantage of term life insurance?
Term life insurance offers consumers like you several benefits over other types of life insurance.
Term life provides low cost life insurance, with flexibility to meet your family’s needs for life insurance protection.
Why pay more than you need to for life insurance? Term life insurance offers you the lowest premiums.
Why pay for life insurance when you don’t need it?
Term life also offers you the option of choosing flexible coverage while you need it – for 10, 15, 20 or 30 years.
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Term life insurance is easy to understand.
Here’s how it works: For example, you purchase a $250,000 level term life insurance policy for a 20 year term, and annual premium of $250.
This example means you would pay $250 each year for your life insurance. You have coverage for 20 years. If you die during the 20 year term, your beneficiary would receive the $250,000 life insurance death benefit.
Life insurance proceeds are usually paid free from federal income tax, and can be used for any reason.
Level term life insurance is the most popular type of life insurance purchased because it offers guaranteed level rates and coverage for up to 30 years.
That makes it easy to budget your life insurance premiums, and level term often offers the lowest premiums for life insurance.
Advantages of Term Life Insurance
- Low Rates – 2-3 times cheaper than permanent life insurance.
- Flexible – 10, 15, 20 or 30 years of coverage.
- Easy to Understand.
- Quick – Compare Instant Quotes online.
- Affordable – Savings to 70%.
Term Life Insurance Quotes
Top Pick – JRC Insurance Group
JRC Insurance Group helps you shop, compare and save on life insurance. Regardless of your age or health background, we'll shop our 40+ insurance companies and find you affordable life insurance you need to protect your family and fit your budget. Compare the best life insurance rates for savings up to 73%. Get Your FREE Quote.
Highly Recommended – Haven Life
- Get up to $1,000,000 of affordable term life insurance today
- Apply online in under 20 minutes, start coverage today
- Backed by MassMutual, rated A++ by AM Best
Haven Life uses the information provided in your application to make an instant decision on your application. Healthy, qualified applicants (based on the information provided in your life insurance application) can be insured immediately with no medical exam while other applicants can receive immediate coverage pending a medical exam.
Highly Recommended – Globe Life Insurance
$1* Buys $100,000 Globe Life Insurance
- Coverage for Adults or Children
- No Medical Exam. Just a Few Yes/No Health Questions
- Free Information. No Phone Required. No Waiting
Buy Direct. Monthly Rates as low as $3.49 for Adults/$2.17 for Children.
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