Are you looking for low cost term insurance in New York?
If you’re searching for an affordable term life policy and you live in New York, you may find it’s quicker and easier than you thought to get inexpensive coverage from a highly-rated insurance company.
In fact, it only takes a few minutes to request and receive the best prices from the leading insurers direct on your screen. There’s no delays, no hassles and no obligation. Just free, instant quotes.
What is term life insurance coverage?
It’s a type of life insurance that provides you with protection for a specific amount of time.
For example, many insurers offer term life for a period of 10, 15, 20, 25 or 30 years.
How does term life work?
Term insurance is temporary life insurance for a specific length of time. Most term life policies provide coverage for a period of 10-30 years.
You can choose a term of 10, 15, 20, 25 or 30 years for your coverage. The longer the term of your policy, the higher the price you pay for your life insurance.
If you pass away during the term of your coverage, the beneficiary you choose will receive the death benefit from your life insurance policy.
If you are alive when your term ends, your life insurance coverage expires. You may choose to renew your term life policy for another term of 10 years, usually, but the price you pay will increase based on your age at the time you renew the coverage.
How much term life protection do I need?
Many life insurance experts and financial advisors recommend from 10 to 20 times your annual income. So, if you earn $40,000 a year, you may want to purchase from $400,000 up to $800,000 of life insurance protection.
However, it depends on your own personal situation, including the amount of money you have saved, your current debt, and what your goals are for the future.
Here’s a life insurance needs calculator you can use to quickly and easily determine how much life insurance is right for you.