Affordable Life Insurance Protection for Your Family
Term life insurance is usually the cheapest type of life insurance coverage available. And, for many of us, term life can provide you with the protection you need to provide financial security for your loved ones.
However, if you live longer than the duration of your term insurance policy, your beneficiaries will not get any money.
The cheapest term life policies may cost less than $10 or $15 per month for young, healthy applicants. These are term policies without any riders which provide additional benefits/coverage on your life insurance policy.
While term life offers protection for a specific number of years, it does not build any Cash Value inside your policy, and you won’t have coverage once the term (duration) of your life insurance policy comes to an end.
That means, if you still need coverage once your original policy term expires, you’ll have to Apply for a new policy, or Renew your current term insurance plan at expiration by advising the insurance company before your policy expires that you wish to renew your term life coverage for an additional term, which is usually 5 or 10 years.
Why is Term Life Insurance the Cheapest Policy?
There are a few key reasons that term insurance costs so much less than permanent life insurance.
Reasons Term Insurance Is Cheap
NOTE: Term life policies usually offer Renewability, which means you may choose to renew your coverage for an additional policy term when your original term policy ends.
If you choose to renew coverage your new rate will be based on your age at the time of renewal, and you will not have to take any physical examination to qualify for the new policy.
Cheapest Term Life Insurance Companies
If you are comparing rates on term insurance to find the most affordable life insurance coverage, make sure to compare pricing among several of the leading carriers.
These insurance companies offer some of the best prices available for life insurance:
You can shop and compare pricing instantly online by requesting a free life insurance quote from JRC Insurance Group.
JRC is one of the leading life insurance brokers and they have a network of leading life insurance companies to help you compare quick and easy price quotes on term life insurance policies.
It’s simple, you just fill out a Quote Request Form and click on a button to instantly see the lowest prices available from several top term life companies.
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.