Affordable Life Insurance Protection for Your Family
Shopping for Term Life Insurance in New York
Are You Looking for Low Cost Term Life Insurance in the State of New York?
If you’re searching for an affordable term life policy and you live in New York, you may find it’s quicker and easier than you thought to get find low cost life insurance coverage from a highly-rated insurance company.
In fact, it only takes a few minutes to request and receive the best quotes for life insurance from over 40 of the top life insurance carriers in America.
What is Term Life Insurance?
It’s a type of life insurance that provides you with protection for a specific amount of time.
For example, many insurers offer term life for a period of 10, 15, 20, 25 or 30 years.
How Does Term Life Insurance Work?
Term insurance is temporary life insurance for a specific length of time. Most term life policies provide coverage for a period of 10-30 years.
You can choose a term of 10, 15, 20, 25 or 30 years for your coverage. The longer the term of your policy, the higher the price you pay for your life insurance.
If you pass away during the term of your coverage, the beneficiary you choose will receive the death benefit from your life insurance policy.
If you are alive when your term ends, your life insurance coverage expires. You may choose to renew your term life policy for another term of 10 years, usually, but the price you pay will increase based on your age at the time you renew the coverage.
How Much Life Insurance Do I Need?
Many life insurance experts and financial advisors recommend from 10 to 20 times your annual income. So, if you earn $50,000 a year, you may want to purchase from $500,000 up to $1,000,000 of life insurance protection.
However, it depends on your own personal situation, including the amount of money you have saved, your current debt, and what your goals are for the future.
Here’s a life insurance need calculator you can use to quickly and easily determine how much life insurance is right for you.
How are Term Insurance Premiums Calculated?
The price (premium) you pay for a life insurance policy is based on the type and amount of insurance, as well as, your age, gender and gender.
In addition, your personal risk factors impact the rate per $1,000 of life insurance.
What Risk Factors Affect My Rate for Term Insurance?
Personal risk factors may include your health, family health history, tobacco use, lifestyle, occupation, hobbies, height-to-weight ratio, driving record, etc.
Which Companies offer Term Insurance in New York?
There are several highly-rated insurance carriers that offer life insurance policies to residents in the state of New York, including but not limited to New York Life, ANICO, Prudential, and John Hancock, among others.
Can I Get Term Life for My Spouse?
Yes, if you are married, you may purchase life insurance on your spouse. You can buy a life insurance policy for yourself, and one for your spouse, if you choose to.
Married couples have an Insurable Interest on each other, which is required in order to buy life insurance on someone else.
Can I Buy Life Insurance in New York without taking any Doctor Exam?
Yes, but It really depends on your age, your health, and your budget.
There are several insurance carriers that offer no exam life insurance plans for qualified applicants.
Usually, you need to be between the ages of 18 to 60 and healthy, in order to qualify for a life insurance policy without having to take any medical exam.
The premium charged for this type of policy, and the amount of coverage available, will vary by insurer, and depend on your age and health. Get a free life insurance quote with no exam.
Life Insurance Companies Based in New York
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New York Term Life 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.
Highly Recommended – Gerber Life
Gerber Life offers guaranteed acceptance whole life insurance for people age 50 to 80. Choose $5,000 up to $25,000 of coverage. There’s no medical exam and no health questions. You cannot be turned down. START HERE to get a FREE Quote.