Affordable Life Insurance Protection for Your Family
If you are in the market for a life insurance plan that will protect your loved ones for a period of twenty years or less, you may want to consider a term 20 life insurance policy.
What is 20 Year Term Life Insurance Protection?
Term 20 life insurance is a sub-category of Term life insurance. It provides coverage a policyholder’s life for a clearly defined term of twenty years (that’s why it is called Term 20).
Should a policy holder pass away within this 20-year time frame, his/her beneficiary will receive the coverage amount, also known as, the death benefit of the policy.
After 20 years, this term life policy comes to an end – your life insurance coverage expires.
If you want to extend a 20-year term insurance policy beyond the original coverage period, most likely, your insurance company will require you to get another premium quote.
The new term life policy will cost you more money because life insurance rates increase with age. That’s why you may want to lock-in the lowest rate while you are young and healthy, for the longest period of time available.
Term Life Plan Features
Insurance Death Benefit – Term life is pure protection, providing only a death benefit, no investment feature.
No Cash Value – There is no cash value that builds within a term policy.
Level Premiums – With level term life policies your premiums remain the same each year for the entire duration (term) of your policy.
Lower Prices – Term insurance offers much lower premiums than permanent life insurance. In fact, most permanent policies have rates that are up to 5-10 times higher than term life plans for the same amount of life insurance protection.
When Do You Need 20 Year Level Term Life Insurance?
Twenty-year level term insurance (Term 20) provides coverage for 20 years only and is optimal in several situations.
Examples for Term 20:
What are 20 Year Term Life Insurance Quotes?
A Quote for term life coverage is an estimate of how much your life insurance policy will cost you either per month or annually.
Your quotes are based on the information you provide the quote provider, including your age, gender, health, tobacco use, among other factors.
Rates do vary by insurance company, that’s why you want to compare pricing from among several of the leading life insurance carriers before choosing your policy.
NOTE: Life insurance quotes depend on multiple factors and may vary from person to person (based on your health condition).
Here’s how you can Compare Term Life Insurance Quotes now.
20 Year Term Life Insurance with No Medical Exam Needed
Term 20, or 20-year term life with no medical exams required is a subset of no medical term life insurance. It is a version of life insurance that does not require medical tests (also known as simplified issue term life insurance).
There are no lengthy approval procedures, no medical exams to undergo and wait for, and no paperwork to go through. The application process is done entirely online and requires no face-to-face meetings with an advisor.
This may be a good option for people who may not qualify for standard life insurance policies requiring a health exam. Standard life insurance plans usually require medical tests and a questionnaire to be completed by the applicant for coverage.
Or, perhaps you lead a busy life and don’t have time for a doctor’s visit or you just want to get insured right away, starting today.
Whatever your reason, you may be able to begin your no medical exam 20-year term life coverage immediately, if you qualify. Get a No Exam Term Life Quote now.
Who is Term 20 Life Insurance For?
The term 20 plan may be right for safeguarding your family’s financial future.
Term 20 is best suited for:
A term 20 life insurance plan may be the most affordable coverage available for anyone who needs life insurance protection lasting for a period of twenty years.
Term Life Insurance Quotes
Top Pick – JRC Insurance Group
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Highly Recommended – Haven Life
Get up to $2,000,000 of affordable term life insurance today.
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Backed by MassMutual, rated A++ by AM Best
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.