Affordable Life Insurance Protection for Your Family
Shopping for Term Life Insurance in New York
Looking for low cost term 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 term life insurance do I need?
Many life insurance experts and financial advisors recommend form 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 needs calculator you can use to quickly and easily determine how much life insurance is right for you.
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