Affordable Life Insurance Protection for Your Family

Term Insurance for Family

Are You Looking for Term Life Insurance for Your Family?

 

If so, you’ve come to the right place. We can help you learn how term insurance works, review options for saving money on your policy, and compare pricing from several of the leading term life carriers in the U.S.A. in just a couple minutes.

 

Why is Term Insurance Right for My Family?

 

Term life is the most popular type of life insurance policy for families because it offers:

  • Lowest Prices
  • Maximum Coverage for Your Budget
  • Flexible Options for Duration of Coverage

 

With term life insurance policies, you only pay for life insurance while you need your coverage In Force. It gives you the flexibility to choose exactly how long your policy will last for each member of your family.

 

For example, you can buy a 30-year term life policy on Dad, a 15 or 20-year term policy for Mom, and add the kids to the term policies using a Rider Endorsement which provides a small amount of life insurance for each child.

 

You can build a complete life insurance plan to meet your family’s specific life insurance needs and fit your family’s budget.

 

Keep in mind, you probably want to have your term coverage last until all of your kids are grown up and living on their own.

 

Also, you’ll want your main breadwinner’s policy to continue providing coverage until your mortgage loan on your home (if you own a home) is paid off. So, that policy should provide coverage for a duration that at least matches your mortgage loan – 15, 20 or 30 years.


Compare Term Life Insurance Quotes

 

Life Insurance Coverage for Dad

 

Term insurance can provide up to 30 years of life insurance protection and you may want a 30-year policy on Dad, if he intends on working for at least 30 years to provide for the family.

 

Life Insurance Coverage for Mom

 

When selecting a policy term (duration) for Mom, keep in mind how long you need to replace Mom’s income (if any) to support the family, and how long you need to replace all the work Mom does for the family, while the kids are growing up. This may be from 5 to 20 years, usually.

 

Life Insurance Coverage for The Kids

 

If you want to get life insurance coverage on the kids, the most affordable way is to add a "Child Rider" endorsement to your own term life insurance policy. That way, you get enough money to pay for your child’s final expenses upon death, and the cost of coverage is minimal.

 

What is Term Life Insurance?

 

It’s a type of life insurance policy that provides you with temporary protection lasting for a duration of up to thirty years.

 

What are My Options for How Long My Term Policy Will Last?

 

Depending on your age and health, you may be able to choose a "Policy Term" (Duration of Coverage) lasting for a period of 10, 15, 20, 25 or 30 years.

 

How Does Term Life Insurance Work?

 

Term life insurance provides you with temporary life insurance for a specific number of years. You can choose coverage for a "term" of 10, 15, 20, 25 or 30 years.


Term life builds no cash value inside the policy, it is not an investment, it is "Pure Protection", paying out a death benefit upon the death of the insured person. Term life usually costs 2 to 3 times less than permanent life insurance.


Term life is the lowest cost type of life insurance policy available.


Term life policies pay the beneficiary the face amount of the term life policy if the insured person dies during the term of the policy. 


For example, a 15-year term life policy with a face amount of $350,000 would pay $350,000 to your beneficiary if you die any time during those 10 years the insurance policy is "In Force"


If you're alive at the end of the policy term, the coverage ends with no payout. 

 

What is The Most Affordable Type of Term Life Policy?

 

Level term life insurance, which is the most popular type of term policy, offers the lowest rates for life insurance coverage provided by a temporary (term life) plan.

 

How Can I Save Money When Buying Term Life?

 

There are several tips you may wish to use in order to lower the cost of your temporary (term) life insurance coverage, including but not limited to the following:

 

  • Compare Rates – By comparing rates you may save up to 70% on your life insurance because each insurer has their own set of rates, and rates can vary quite a bit between companies.
  • Choose Term Life – Term life insurance is the cheapest form of coverage offering the lowest rates by far, compared to permanent life insurance.
  • Don’t buy more Life Insurance than you need – Use a life insurance needs calculator to determine how much life insurance you really need.
  • Choose Annual premium payments – They are lower than paying monthly premiums. The insurance company charges a finance fee for monthly payments. 
  • Quit Smoking – Smokers pay 2 to 3 times more for the same amount of life insurance compared to Non-smokers. So, if you smoke, it pays to quit smoking.
  • Get Healthy – Lower your cholesterol level and your weight to qualify for lower rates on your life insurance.
  • Buy at least 6 months before your next birthday – Rates are based on your age closest to your birthdate. So, if you buy within 6 months of your next birthday, you will be charged based on that age, not your current age.
  • Buy coverage while you are young and healthy – Rates for younger adults are lower, and healthy people get lower rates on life insurance than those with health issues.

 

Can I Buy Term Insurance without taking a Health Examination?

 

Yes, if you qualify for coverage, you may purchase a no exam term life policy. Usually, people of average health or better, between the ages of 20 to 60, may qualify for this type of term policy.

 

Can I Buy Term Life Coverage Online?

 

Yes, if you qualify, you may purchase your term policy over the internet. 

 

Can I Start My Term Insurance Policy Today?

 

Yes, if you qualify, you may begin your life insurance coverage today, by applying for and buying an instant issue term life policy.

 

How Can I Compare the Best Rates for Term Coverage?

 

The quickest and easiest way to compare the best (lowest) pricing for term policies is to request a free term life quote comparison online by visiting a life insurance website and filling out a Quote Request Form

 

Then, you just click on a button and instantly see the lowest pricing available from several of the leading life insurance carriers, based on your specific information.

 

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 – Haven Life Insurance Agency

  • Get up to $2,000,000 of affordable term life insurance today
  • Apply online in under 20 minutes, start coverage today
  • Rated A++ by AM Best

 Get a Free Quote


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.

 

 

Term Insurance for Family


Disclosure: Compensated Affiliate