Affordable Life Insurance Protection for Your Family
How Term Life Insurance to Age 70 Works
Are you shopping for life insurance that provides you with coverage until you’re seventy years old?
If so, you’ll want to understand how your coverage works, what to consider, and compare pricing among the best life insurance carriers offering you the most affordable policies to meet your needs and fit your budget.
Term to 70 life insurance provides coverage up to age 70 to help meet the needs of families and business owners who have a temporary need for life insurance protection.
How Term to 70 Works
Term to 70 life insurance plans usually offer a minimum of $100,000 of level death life insurance benefits to age 70.
You may have the option to convert your policy to permanent coverage by a specified date stated in your life insurance contract.
With a term-to-70 life insurance policy the insured person is covered until reaching age 70.
If the insured dies before age 70, the death benefit is paid out to the beneficiary stated in the policy. If the insured is still alive when reaching 70 years of age, there is no payout, and the coverage ends.
Usually, a term to age 70 life insurance policy will have level premiums each year for the first 20 years of coverage, then the premiums gradually increases each year thereafter, until the insured is 70 years old.
In addition, a term to 70 policy may offer the option of convertibility which means the policy owner may convert the term insurance into a permanent life insurance policy for a higher annual premium.
If you want to save money on your term to 70 policy you may want to choose a mutual life insurance company that pays dividends to the policyholders from the profits.
That way, after the first 20 years, when the annual premium increases, you may use the annual dividends to offset some of the increase in your premiums.
Top Mutual Life Insurance Companies
Including AM Best Financial Ratings
Reasons to Buy Term Insurance
Term Insurance coverage may be used for:
Definitions for Coverage
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