Affordable Life Insurance Protection for Your Family

Term Life Insurance Blog

This is the place where you'll get up-to-date information on Term life online insurance, including money-saving tips, articles, company reviews and resources to help you learn about term life insurance.

You can learn how term life insurance works, get free term life insurance quotes, or learn about term life insurance no exams required. Review a list of the top 10 life insurance companies.

What is "A+" Rated Life Insurance?

A financial strength rating of a life insurance company is issued by an independent rating agency after review of the insurer's financial statements.

The rating agency issues the rating based on the insurer's ability to pay their claims and meet the financial obligations.

The higher the rating, the better the financial stability and security of the insurance company.

The highest rating offered is usually "A+" or "A++", which would be Superior.

There are several rating agencies that rate the financial strength of life insurance companies, including AM Best, Standard & Poor's, and Moody's, among others.

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Term Life Insurance Premiums

How do term life insurance premiums work?

The premium you are charged for a term life insurance policy is based on the rate per $1,000 of coverage times the amount of coverage you need.

So, if your rate is $2 per thousand, and you need $200,000 of term life coverage, your premiums will be $2 X $200 = $400 per year.

The rate you are charged per $1,000 of coverage will depend on your age, gender, health, occupation, hobbies, tobacco use, driving record, lifestyle, height-to-weight ratio, and family health history, among other risk factors.

In addition, the duration of your policy "term" will impact your rate.

Term life offers coverage for a "term" of 10, 15, 20, 25 or 30 years. The longer your policy term, the higher your rate for coverage.

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Term Life Insurance Monthly Cost

What is the monthly cost for a term life insurance policy?

The quickest and easiest way for you to find out how much term life will cost you monthly is to compare term life insurance quotes online.

The price you pay for a term policy will depend on your age, gender and health. As well as, your occupation, hobbies, tobacco use, lifestyle, driving record, height-to-weight ratio and family health history.

In addition, the duration of your term life coverage (Term) and amount of life insurance will impact your price for coverage.

However, keep in mind, annual premium payments can save you money instead of paying monthly, since there is a service fee added for the additional processing of more payments.

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Online Term Life Insurance Rates in New York

Can I compare term life insurance rates online if I live in New York?

Yes, in fact, you can request and compare instant life insurance rates on term life coverage from several of the leading life insurers in the state of New York.

It only takes about a minute or two to request and receive your free term life rate comparisons.

Some of the leading providers of term life coverage in New York include New York Life, Allianz, Met Life, MONY, USAA, and John Hancock, among others.

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What Life Insurance Company Insures the Elderly without a Medical Exam or Medical Questions?

If you're a senior in need of life insurance you may be interested in finding coverage without any health exams or health questions asked.

But, which, if any, insurers offer this type of coverage?

There are several insurance carriers that offer Guaranteed Approval senior life insurance plans which guaranteed your acceptance for life insurance if you meet the age requirements.

In fact, one highly rated life insurance company offers these plans to people ages 45 to 85.

With guaranteed issue policies you won't have to take a medical exam or answer any questions about your health.

Some of the leading providers of these plans include United of Omaha, Gerber Life, and MetLife, among others.

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Life Insurance Policy with No Waiting Period

Is there a way to get a life insurance policy without a waiting period?

Yes, most life insurers offer immediate coverage upon approval and receipt of your first month's premium.

However, some insurers even allow you to apply online for a policy and begin your life insurance coverage the same day, if you qualify.

That means, no waiting to take a medical exam, because there is no exam.

And, no waiting to get approved by the insurer because some insurers offer same day approval.

Also, these quick issue policies come with a free look period (usually 15-30 days), so you can get your money back if you decide you do not want the policy.

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Globe Children Life Insurance

Does Globe Life offer life insurance for children?

Yes. Globe Life offers up to $20,000 of whole life insurance protection for kids.

Parents or grandparents may purchase life insurance on children through Globe Life.

Your child's life insurance policy starts for just $1. And monthly rates are as low as just a few dollars.

With Globe Life your child will get started on building a foundation for the future, as whole life policies provide lifetime protection and build cash value inside the policy.

And, the rate remains the same for the life of your child's policy.

You can request a free quote and apply online for a child life insurance policy in about 10 minutes.

There's no health exam required, just a few simple Yes/No health questions asked.

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No Health Questions Life Insurance Companies

Which insurers offer life insurance with no health questions asked?

There are several life insurance companies that offer Guaranteed Issue policies, which are life insurance plans with guaranteed approval and no health questions asked.

Among the most well-known insurers with no health questions asked are the following: United of Omaha, Colonial Penn, AARP/NewYork Life, Gerber Life, MetLife and AAA Life.

When choosing a plan, make sure to compare the pricing, financial strength rating of the insurer, the amount of coverage available, and the age requirements for approval.

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How Does Guaranteed Life Insurance Work?

Guaranteed life insurance is a type of life insurance plan that guarantees your approval for coverage - even if you have health issues or have been turned down for coverage by other life insurers.

If you meet the age requirements for acceptance you are guaranteed approval - and there's no health exams of health questions for you to answer.

However, the amount of coverage available is usually limited to around $20,000.

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Life Insurance Term Quote

What is a life insurance term quote?

It's the estimated price you will pay for a term life insurance policy, which is temporary coverage lasting for a specific period of time - usually form 10 to 30 years.

With term life you select a term (duration) for your life insurance policy to last that meets your specific needs.

The longer your policy term, the higher your cost of insurance.

You can request and compare free quotes on term life insurance online from multiple insurers at once.

It only takes about a minute or two to request and receive your free term life insurance quotes online.

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