Are You Shopping for $50,000 Life Insurance?
If so, you’ll want to learn about your options before you start comparing plans and prices.
Review of Basic Types of Life Insurance – Term vs Whole
Term Life Insurance
Offers the cheapest coverage by far. Whole life can cost up to 10 times more.
Term life is temporary coverage lasting up to 30 years, usually.
Your Policy Term is the length of time you have coverage.
Term Options – You may choose term insurance for 10, 15, 20, 25, 30, 35, or 40 years.
If you die during the policy term, the death benefit is paid out by the insurance company to your beneficiaries which you choose when buying your policy.
Level term life insurance has premiums that never increase and coverage that never decreases for the entire duration of your policy.
If you outlive the duration of your policy term, the coverage ends and there is no payout of any benefits. Term life is affordable and easy to understand.
Whole Life Insurance
Offers coverage that lasts your entire lifetime, provides a death benefit upon your death, and builds some cash value inside your policy over time. Your premiums remain the same each year for the life of your policy. Usually costs 5-10 times than term insurance.
Review
Basically, if you need life insurance for 30 years or less, then term life offers the most affordable protection available. If you need life insurance guaranteed to last your entire lifetime, and you can afford the higher premiums, then whole life may be a good option.
Comparing Life Insurance Quotes
We have partnered with JRC Insurance Group to provide you with instant free quote comparisons for life insurance. JRC is a life insurance agency licensed to do business in all 50 states and Washington DC, and they have access to a network of more than 40 of the leading life insurance companies in the U.S.A. JRC has more than 25 years of experience in life insurance.
To compare prices for life insurance you just click on the JRC link below, fill out a short quote request form, and click on a button to instantly see on your screen the lowest prices available for $50,000 of life insurance from several leading life insurers.
If you would rather get a $50,000 life insurance policy with no medical exam needed, you may request a free life insurance quote from Globe Life.
Fully Underwritten Life Insurance
Top Pick – JRC Insurance Group
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No Medical Exam Life Insurance
Highly Recommended – Globe Life Insurance
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