Term Life Insurance Blog

This is the place where you'll get up-to-date information on Term life online insurance, including money-saving tips, articles, company reviews and resources to help you learn about term life insurance.

You can learn how term life insurance works, get free term life insurance quotes, or learn about term life insurance no exams required.

Review a list of the Top 10 life insurance companies and compare free, instant life insurance quotes online.


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Is Life Insurance Expensive?

No, life insurance can actually be very affordable depending on the type of life insurance you buy, and how much life insurance you need.

For instance, permanent life insurance costs the most because it provides lifetime protection and may grow cash value inside your policy over time.

However, term life insurance costs a lot less because it is temporary, and pure life insurance protection - meaning it does not build cash value inside the policy, there is only a death benefit.

In addition, term life offers flexibility of choosing how long your rate is guaranteed to remain the same. You can usually choose a term of 5, 10, 15, 20 or 30 years. The shorter your term, the lower the premium for your term life insurance policy.

By adjusting the amount of life insurance and the term of your policy, you may be able to find a life insurance plan that fits almost any budget.

In fact, studies indicate that life insurance rates are much lower than most people expect.

Why not compare instant life insurance quotes right now to find out how affordable a life insurance policy can be for your family?

How Do You Determine How Much Term Life Insurance You Need?

It really depends on what you want your life insurance to accomplish for you and your family.

If you want to replace your income you may want at least 10 times your annual income as the amount of life insurance coverage.

Or, you may want enough life insurance to pay off the mortgage, credit cards, and pay for your children's college education.

Once you determine your goals for your life insurance, I would suggest using a term life insurance calculator.

You just answer some questions and the calculator gives you an instant, accurate estimate of your life insurance needs.

How Do Life Insurance Companies Determine Rates?

There are a number of factors that are considered to determine your rate for life insurance coverage.

For instance, your age and gender will be used to calculate your life insurance rate.

In addition, the type and amount of life insurance factor into your rate for life insurance.

Also, other personal risk factors are considered, including your health, family health history, lifestyle, tobacco use, height-to-weight ratio, hobbies, driving record, occupation, etc.

The longer your life expectancy, the lower your rate for life insurance.

Here's how you can instantly compare life insurance rates online among several leading life insurance carriers to help you save money on your life insurance policy.

What Kind Of Term Life Insurance Do I Need?

When buying a Term Life Insurance policy, it's a good idea to match the length of the term with your life events.

For example, becoming a parent may require life insurance for at least 20 or maybe 30 years, depending on how long you want to provide financial security for your child.

Losing your income for the family could cause great financial hardship to your children, until the age when they are earning their own living. So 20-30 year Term Life is recommended for couples starting a family.

Many people choose 20 or 30 year level term life insurance to provide protection to pay off the home mortgage loan. You can match the term of your term of your term life policy to the length of your mortgage loan to make sure your family can remain in their home in case you die.

Learn more about level term life insurance and how it works.

Is term life insurance better than permanent life insurance?

Term life insurance and permanent life insurance are the two basic types of life insurance plans.

Whether or not one os better than the other depends on your own personal situation, needs, and how long you want your life insurance coverage to last.

Term life insurance may last up to a specific age, usually up to age 65 or 70. However, after your term ends, you may renew your life insurance for a higher rate.

Whereas, permanent life insurance provides lifetime protection and the rate is guaranteed to remain level for your entire life.

But, permanent life insurance costs a lot more than term life insurance, so if you need life insurance at the lowest cost, for a period of 30 years or less, then term life insurance may be a good option for you to consider.

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