Premium Term Life Insurance Policy
Comparing Term Life Insurance Premiums
If you’re shopping for a temporary life insurance policy you may be looking for the most affordable plan available from a highly-rated insurance company.
After all, nobody wants to spend more than necessary on life insurance, or anything else for that matter, considering the world in which we live today.
But, how can you go about finding the best deal on your term life insurance plan?
Actually, it’s very simple. You just request and compare the best prices available.
To compare premiums for term life you just fill out a Quote Request Form and click on the button to instantly see the best pricing available for term policies based on the information you provide.
What Questions are Asked to Get Premium Quotes?
In order to request your free price quotes on term insurance you’ll be asked some easy questions; such as, your Age, Gender, Tobacco Use, Height, Weight, State of Residence, etc.
Then, you just click on a button and instantly receive the best prices available from a network of leading life insurance carriers.
Comparing Premiums on Term insurance
Make sure you consider the following when you request and compare pricing on your term insurance plan:
- Term – You can choose from term life policies lasting for a period of 10, 15, 20, 25 or 30 years.
- Coverage Amount – You may choose a coverage amount of $25,000 up to $5,000,000 or more.
- Health Exam – There are term life policies available without any health exam required. These plans are usually available for healthy individuals between the age of 20 to 60.
- Age – Rates increase with age, that’s why it is important to buy a policy as soon as you have a need for life insurance protection.
- Level Premiums – Level term life insurance policies have premiums that remain the same for the entire duration (Term) of your policy.
What Factors Affect My Premium for Term Insurance?
There are several variables that go into determining a premium for term life protection.
Your premium is based on the rate charged for your coverage, multiplied by the amount of insurance.
For Example: A 10-Year Term Policy providing $250,000 of Life Insurance.
A man 35 years old may be charged $15 per month for this particular policy.
That means, the annual premium is $15 X 12 = $180 for a $250,000 death benefit on a 10-year level term life insurance policy.
Several Personal Risk Factors impact your rate per $1,000 of life insurance, including the following:
- Age
- Gender
- Tobacco Use
- Health
- Family Health History
- Occupation
- Hobbies
- Lifestyle
- Driving Record
- Height-to-Weight Ratio
Each of these factors may impact your longevity – How long you are expected to live.
The younger and healthier you are when you buy your life insurance policy, the lower your rate.
Tips to Save on Term Life Insurance
Here is a list of helpful tips to save you more money on your term life insurance:
Tips for Comparing Term Life Premiums:
- Compare rates from several life insurance companies.
- Compare pricing for 10, 15, 20 and 30 years of term life coverage.
- Review the financial strength ratings of the insurance companies.
- Don’t buy more life insurance than you need.
- Buy life insurance while you are young and healthy as rates increase with age.
- Compare Multiple Quotes from Several Insurers
- Choosing a Term
- Amount of Coverage
- Buy Now
- Comparing Limits of Coverage
- Rating of Insurer
NOTE: Life insurance quotes are Free. This is no charge to compare pricing on term life policies.
NO Exam Option: Yes, you may be able to purchase a term life policy without having to take any health examination.
Today, more and more people are choosing to purchase their life insurance direct online without taking a medical exam. And, rates for no exam term life plans can be affordable compared to those policies that do require a physical.
What Do Comparisons for Term Life Premiums Provide?
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:
- The Names of the insurance companies.
- Financial Strength Ratings of the insurers.
- The Type and Amount of life insurance quoted.
- The Premiums Quotes for the life insurance coverage.
- The Premium Payment Options available.
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.
How to Save Money on Life Insurance Premiums
There are several tips you can use to help you get more affordable life insurance premiums on your coverage.
- Compare Rates – You may save up to 50% or more on your premiums by comparing prices among several insurers.
- Choose Term over Permanent – Permanent life insurance costs up to 5-10 times more than term insurance policies.
- Annual Premium Payments – Insurers charge an additional processing fee for monthly or quarterly premium payments. Paying premiums once (annually) per year will save you money.
- Get Healthy – Improve your overall health by eating right, exercising and lowering your cholesterol to qualify for a better rate on life insurance.
- Quit Smoking – Smokers pay up to 5-10 times more than non-smokers for the same amount of life insurance protection.
- Lose Weight – People who are obese or overweight pay a higher premium because of the greater risk of developing health problems which could shorten your life expectancy.
- Avoid High Risk Hobbies – People who take part in high risk hobbies; such as, B.A.S.E. Jumping, mountain climbing, racer driving or skydiving pay a higher rate for life insurance.
What are the Benefits of Comparing Premiums for Term Insurance?
There are several benefits to comparing life insurance quotes online, including:
- Convenience – You can compare term life insurance premiums from the convenience of your home or office any time of the day or night.
- No Sales Pressure – You can use your computer to compare quotes there’s no need to meet with an insurance agent, and no sales pressure.
- Quick and Easy – It only takes a couple of minutes to fill out a quote request form and receive your free, instant term life quote comparisons online.
Tips for Comparing Premiums on Life Insurance
Keep in mind when comparing your quotes for life insurance from several insurers make sure you consider not only the lowest prices, but how long the insurer has been in business and their financial strength rating.
Also, after reviewing your price quotes you may want to contact your family members and friends to ask if they have any experience with the life insurance carrier you are considering buying your life insurance policy from – they may have a policy with the insurer and know whether or not the insurance company is good and provides good customer service.
When shopping for your life insurance policy make sure you consider how long you will need protection (how many years) and how much you can afford to spend each month on your life insurance plan.
Why Compare Term Premiums with JRC Insurance?
JRC Insurance has helped over 100,000 American families find affordable protection from quality life insurers over the last 10+ years.
JRC Insurance has a network of top carriers including Prudential, Metlife, Fidelity Life, Transamerica, Mutual of Omaha, Lincoln Financial, and American General, among others from which you can shop and compare plans and prices.
They also have licensed professionals available by toll-free phone or email to assist you in learning all about your options for life insurance and how the buying process works, including how to prepare for a medical exam, as well as, providing you with answers to any questions you may have about life insurance terms and coverage.
How Can I Get Term Life Premium Quotes?
The process of comparing quotes is quick and easy, and there’s absolutely no obligation.
Three Simple Steps
- Answer a few simple questions on the Quote Request form.
- Instantly compare price quotes from top-rated carriers.
- Select the life insurance policy that’s right for you.
Term Life Insurance Premium 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.
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