Are You Looking for One Year Term Insurance?
If so, you may want to consider comparing 1 year term life rates and plans online among leading life insurance carrier.
But first, here’s an explanation of 1 year term coverage.
What is One Year Term Life Insurance?
It’s a type of temporary life insurance policy that provides life insurance protection for a period of one full year.
A 1 year term insurance policy is considered annual renewable term life insurance because it offers you the option of renewing your term life coverage for another year at expiration, without having to take a physical exam to qualify.
However, your new rate for the next 1-year term is based on your age at renewal.
This means, if you choose to renew the one-year policy each year, you pay more each and every year for your life insurance coverage.
A term life policy for 1 year is the shortest term available for life insurance coverage. Usually, people choose to buy this type of life insurance because they are in between jobs, recently lost there job, or have lost the life insurance benefits through the employer and need temporary coverage.
If you need life insurance for more than one year, it may be more affordable to purchase a 5 or 10-year term life policy where you rate is guaranteed to remain the same each year throughout the term of your policy.
Term life insurance offers coverage for a period of up to 30 years. The most common term for term life is 10, 15, 20, 25 or 30 year life insurance plans.
You can request and compare instant term life insurance rate quotes by choosing from the options listed below. Just click on a link and fill out the quote request form to get your instant life insurance quotes now.
Term Life Insurance Quotes
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