Affordable Life Insurance Protection for Your Family
How to Shop for Term Insurance Quotes
If you need life insurance you may be considering the purchase of a term life insurance policy.
Many people choose term life coverage to provide affordable protection for their loved ones.
Term insurance offers the most affordable type of life insurance, which means you get the most coverage for your money.
And comparing quotes for term life insurance are quick and easy, with no delays and no hassles.
How to Get a Free Quote for Term Insurance
It’s actually very simple. You just click on the link above, answer some basic personal questions, then click the button to instantly see the lowest prices available for term life insurance based on your specific needs.
There are some questions about your age, gender, health, tobacco use, state of residence, and lifestyle. The insurance company uses your personal information you provide to help determine what class of risk you are, to give you the best rate you qualify for on your life insurance plan.
Term life quotes are provided by a network of leading life insurance carriers offering affordable coverage from financially sound, secure insurers.
How to Save Money on Life Insurance
There are several tips you can use to help you get more affordable life insurance premiums on your coverage.
What Do Comparisons for Term Life Insurance Quotes Provide You?
When you request comparisons quotes for term life insurance you receive multiple quotes from several different life insurance companies which usually provide the following information:
In addition, the quote providers have a phone number and email address available for providing assistance with understanding your life insurance quotes and helping you to apply for your life insurance policy.
What are the Benefits of Comparing Term Life Insurance Quotes?
There are several benefits to comparing life insurance quotes online, including:
How to Get Term Life Insurance with NO Health Exam
Highly Recommended – Haven Life
Haven Life uses the information provided in your application to make an instant decision on your application. Healthy, qualified applicants (based on the information provided in your life insurance application) can be insured immediately with no medical exam while other applicants can receive immediate coverage pending a medical exam.
Applicants age 60-64 are eligible to apply for up to $1 million in coverage; subject to underwriting approval.
Some qualified applicants (U.S. citizens up to the age of 59) will be able to finalize coverage without the need for a medical exam. The majority of applicants are still required to take a medical exam.
Keep in mind: Issuance of the policy or payment of benefits may depend upon the answers given in the application and the truthfulness thereof.
What Will Determine My Premium for Term Life Insurance?
When calculating premiums for a term life insurance policy, life insurance carriers consider several risk factors, as well as, the amount of life insurance and duration of your term life policy.
Several risk factors affect your premium, including your age, gender, health, family health history, occupation, hobbies, driving record, height-to-weight ratio, if you smoke or not, lifestyle, credit history, etc.
The amount of your life insurance also affects your premium, as well as, how long your term life insurance policy will last. Most term life plans provide coverage for a period of 10, 15, 20, 25 or 30 years. The longer the term for your life insurance policy the higher your premium.
How are Term Life Insurance Rates Calculated?
The primary unit for figuring out a life insurance rate is the rate per thousand (cost per $1000 of insurance), which can vary depending on which factors influence it (age, gender, etc).
For example, if the rate is $0.20 per $1,000 and an enrollee elects $15,000 in coverage, the monthly premium will be $3 ($0.20 x 15 = $3).
Factors that Affect the Rate Per Thousand of Coverage
Rates can vary depending on the group's risk. With group policies, such as the ones provided through employers, the carrier has already taken into consideration the risks associated with the group and calculated a rate for that group.
Some common risk factors include:
Once the rate is established for the group, it can either be one rate for all enrolled or there can be age-bracketed rates. Age-bracketed rates establish different rates for coverage based on age, even though the enrollees are in the same group - for example, an enrollee over 65 might have a higher rate than an enrollee under 65, despite being enrolled in the same plan.
Key Factors That Influence How Life Insurance Premiums are Calculated
Common Personal Risk Factors
Term Insurance Quotes
Top Pick – JRC Insurance Group
JRC Insurance Group helps you shop, compare and save on life insurance. Regardless of your age or health background, we'll shop our 40+ insurance companies and find you affordable life insurance you need to protect your family and fit your budget. Compare the best life insurance rates for savings up to 73%. Get Your FREE Quote.