Term Life Insurance PoliciesWhat Type of Term Life Insurance Policy is Right for You? In choosing among the types of term life insurance policies you can purchase, you want to consider what need is being filled: college tuition for children, funding your spouse’s retirement, money to replace your income, mortgage payments, creation of an estate, payment of estate settlement costs (federal and state death taxes, burial costs, probate fees, etc.), living expense, etc. Level Term Life Insurance Features: Level premium, level coverage benefits, and no cash value. Consider the Need: Suitable for financial obligations that are constant and will remain for a short or intermediate period of time – 5-30 years. Level Term is the most popular type of term insurance purchased by Americans. Click here for Level Term Life Insurance Quotes Annual Renewable Term Features: Increasing premium, level coverage, and no cash value. Consider the Need: Suitable for financial obligations that remain constant for a short or intermediate period of time, such as income to support a minor child. Decreasing Term Features: level premium, decreasing coverage, and no cash value. Consider the Need: Suitable for financial obligations which reduce over time, such as a mortgage, car loan, student loan, or other amortized loans. No Exam Term Insurance Features: No Medical Exam required, level premiums, level coverage, Instant Approval online within minutes. Get a FREE Quote. Consider the Need: Suitable for financial obligations that are constant and will remain for between 5 to 20 years. Shop and compare term life insurance quotes. Insurance without any Medical Exam, Just a Few Health Questions. 
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