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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What Are The Best Term Life Insurance Companies?

When to comes to choosing the insurance company for your term life policy there are hundreds to choose from in the US.

However, some of the most important factors to consider when comparing term life carriers may include the pricing, years in business, customer service, and financial strength rating.

For instance, the financial rating is an indication of the insurer's ability to pay their claims and should be one of the most important factors you consider when picking your life insurer.

Some of the leading term life insurance carriers include names you may be familiar with; such as, Prudential, MetLife, Nationwide, and State Farm, among others.

Here is a list of the best term life insurance companies and their financial strength ratings from AM Best Company.

You can review their ratings and compare instant life insurance quotes online today.

What Is The Best Insurance For Funeral Expenses?

There are many whole life insurance policies that provide lower amounts of life insurance coverage designed to cover your funeral expenses and other related costs.

Often marketed as "burial insurance plans", they offer typically anywhere from $5,000 up to $20,000 in life insurance coverage, and are very simply issued, meaning there are no medical exams required when you apply for a policy.

There are usually some health questions on the application about your medical history.

These funeral insurance plans may be good for folks who want to care for their family, but may not have a lot of money to do it.

You can get a free quote and apply online for your funeral insurance policy in a matter of minutes.

Here's how to buy insurance for funeral expenses online with no exam required.

Can You Buy Term Life Insurance For Someone Else?

Yes, you can buy a term life insurance policy on another person.

In order to buy life insurance for someone else you need an insurable interest in that person.

Insurable interest means you either rely on the person for financial support of some kind, or you would suffer financially if the person were to die.

Insurable interest does exist between spouses, parents and their children, siblings, and business partners, among others.

Here's how to buy term life insurance.

What Happens When My Life Insurance Expires?

Generally, when people ask about their life insurance expiring, they are referring to a Term Life Insurance policy.

When the term of your policy of 10, 15, 20 or 30 years has ended, your life insurance coverage may end, or you may choose to continue it at a much higher premium for a renewal term life policy.

Most people get a new Term life insurance policy when their current one expires, because the rate for a new policy may be lower than the cost of renewing their current term life plan.

Here's how to compare instant term life insurance rates online.

Do you need life insurance?

Whether or not you need life insurance may depend on your life situation, where you are in your life and what financial responsibilities you have now and for the foreseeable future.

If you are married, have children, own a home, or have anyone who relies on you for financial support, you may need life insurance coverage.

Life insurance can help to replace your income for the ones who rely on your support.

It can provide financial security for the future of your family so they can achieve their goals; such as, going to college, maintaining the lifestyle they share with you, and/or pay off any outstanding debt.

Here is a list of the top 10 reasons to buy life insurance.

What Is Non-Participating Term Life Insurance?

It’s a term life insurance policy that does not pay the life insurance policy owner a dividend.

For instance, a mutual life insurance company pays dividends to policyholders, but with a non-participating policy there is no dividend paid the the policy owner.

How Much Term Life Insurance Do You Need?

If you're considering the purchase of term life insurance, choosing the right amount of protection is one of the most important decisions to make.

When deciding how much life insurance to buy make sure you consider your goals, how much you can afford to pay, and how long you need life insurance.

The quickest and easiest way to determine your life insurance needs is to use a life insurance calculator that asks you some basic questions about your personal situation and gives you an accurate estimate of how much life insurance is right for you.

You'll want to consider your total debt, assets saved, monthly expenses, annual income, and future financial goals for you and your family.

Continue reading "How Much Term Life Insurance Do You Need?"

How Is Banner Life Insurance?

Banner Life Insurance Company is a very strong company financially, and very competitive when it comes to term life insurance coverage.

Banner Life is part of the William Penn Company of NY and they are based out of Maryland.

Banner Life is an "A+" rated insurance company by A.M. Best, and AA- (very strong) with Standard & Poor's.

They are approaching $6 billion in total assets and are approaching $600 billion of total "In Force" life insurance.

I believe they are financially sound, provide good customer service and offer competitive rates for their life insurance policies.

To learn more about Banner Life Insurance click here.

How Much Does Life Insurance Cost A Year?

To find out what life insurance might cost you per year you can visit an insurance website that offers instant life insurance rate comparisons from multiple life insurers.

There you can input different amounts of life insurance coverage and term lengths (10, 15, 20 or 30 years) to get an idea what your life insurance policy would cost.

Keep in mind that the price will depend on whether your health fits those underwriting guidelines.

In addition, your age and health will impact your rate for life insurance, as well as, your lifestyle, tobacco use, hobbies, occupation, driving record, height-to-weight ratio, and other personal risk factors.

Here's how to compare rates for life insurance online in just a couple of minutes.

Whole Life Insurance Guaranteed?

Can I buy guaranteed whole life insurance coverage?

Yes, there are life insurance plans available that offer guaranteed issue whole life insurance protection.

Some of the more well-known insurers offering these plans include MetLife, Colonial Penn, and Mutual of Omaha, among others.

A guaranteed issue whole life policy is usually available for people in the later years. For instance, MetLife offers a guaranteed issue permanent life insurance policy for people ages 45 to 75.

With a guaranteed whole life policy you cannot be turned down if you meet the age requirements.

Also, there is usually no medical exam and no health questions asked.

However, the rate you are charged is much higher than for regular life insurance plans which is why this type of life insurance is not the best option unless you have been turned down for coverage elsewhere.

Continue reading "Whole Life Insurance Guaranteed?"