Affordable Life Insurance Protection for Your Family

Who Can Get Term Life Insurance?

If you are considering the purchase of life insurance, you may be wondering who can get coverage for term life insurance.

Usually, you need to be at least 18 years of age to purchase life insurance on yourself. Term life plans are available for people ages 18 to 75, or older, depending on the insurance company, and your health.


Term Life Availability

Term life insurance is available to anyone who is:

  • Age 18-75,
  • Qualifies for Coverage, and
  • Can Pay the Premiums

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How Term Life Insurance Works


With term life, you choose a "Term" (duration) of coverage which meets your specific needs.

For example, if you want to make sure you have protection until your 5 years old is out of college, you may choose a 20-year term life policy.

That way, if you should pass away before the 20-year period ends, the death benefit would be paid to your beneficiary (which you select), and that person could use the money to pay for your child’s college education.

Another example would be buying a 30-year term policy to make sure your family has the money needed to pay off your outstanding mortgage loan upon your death, should you die before the mortgage is paid off. 

Term life provides you with temporary protection for a specific number of years. 

If you die during the policy term, before the coverage has expired, the death benefit is paid out to the beneficiary of your life insurance policy. 

The beneficiary may use the money for any purpose he or she chooses.

If you are alive when your policy term expires, the life insurance coverage ends, with no pay out of any benefits.

Term Insurance Is Affordable 

Term life insurance is the most affordable option available to provide life insurance protection for individuals and families. 

Term life insurance provides death protection for a stated time period, or term. Since it can be purchased in large amounts for a relatively small initial premium, it is well suited for short-range goals such as coverage to pay off a loan, or providing extra protection during the child-raising years. 

NOTE: Permanent (lifetime) life insurance usually costs up to 5-10 times more than the same amount of term insurance.


Term Life Offers Flexibility

With our Term Insurance, you can choose between 10, 15, 20, 25 or 30 years of coverage and a guaranteed benefit. You pick the length of time depending on how long you need it. You can also keep your policy in force, after the initial term, at an increased cost up to age 95 with some plans.


Term Life Features:

  • Provides coverage for a limited time period (term), if premiums are paid.
  • Provides a death benefit, but typically no cash value.
  • Initially, less expensive form of life insurance.
  • Level premiums for the duration of your policy term.
  • Level death benefits for the duration of your policy term.
  • May be renewable or convertible.


NOTE: You may be able to convert any term life insurance coverage to permanent coverage, regardless of your health status. Conversion options will vary by state and with some term policy types by age.


Return of Premium Term Insurance

If you outlive the duration of your term policy, you can get back the premiums you paid for your coverage. However, these plans charge a higher premium upfront compared to standard term life policies.


Instant Term Life Insurance

Instant Approval Term Insurance provides up to $2,000,000 of death benefit protection for people ages 20 to 60. This coverage is designed to provide a base level of life insurance protection at an affordable price.

With this policy, you have the opportunity to apply for coverage online, receive an underwriting decision, and if approved — purchase the policy on the same day. That means, if approved, you can START your life insurance protection TODAY.

With Instant Term, there is no medical exam required, just answer some health questions online. It’s the quickest and easiest way to get term life protection.


Common Reasons to Purchase Term Life Insurance


Term insurance policies are very popular because they offer the maximum amount of coverage at the lowest cost, flexible options, and the ability to convert coverage to permanent protection.

And, term life is Easy-to-Understand.


Common Reasons to Purchase Term Insurance:

  • Easy-to-Understand
  • Flexible Coverage Options
  • Conversion Option
  • Affordable


How to Save Money on Term Life Coverage


No one wants to spend more on life insurance than necessary, that’s why you should consider the following tips when shopping for life insurance:

  • Choose Term over Permanent – Term insurance costs a lot less than permanent policies. Permanent coverage may cost up to 5-10 times more than term.
  • Compare Multiple Price Quotes – Rates can vary quite a bit between insurance carriers, so make sure you compare prices on term insurance from several insurers.
  • Use a Needs Calculator – Use a life insurance need calculator to help you determine how much coverage to buy, instead of paying higher premiums for more life insurance than you actually need.
  • Selecting a Term – Shorter terms have lower rates, so choose wisely when selecting the duration of your policy term. You may be able to choose coverage for a period of 10, 15, 20, 25 or 30 years.
  • Pay Annual Premiums – Paying your premiums monthly will cost more overall because a service fee is added for the additional payment processing compared to only paying your premiums once per year.
  • Stop Smoking – Smokers life insurance premiums are usually 3-5 times higher than non-smokers for the same amount of insurance.
  • Get Healthy – Improve your diet and exercise. People with high cholesterol and/or those who are overweight or obese will pay a higher rate for their life insurance protection.


How to Compare Pricing on Term Policies


Shopping for the best price on your term policy is quick and easy.

All you have to do is:

and you will see the lowest prices available, on your screen immediately.

It only takes a minute to request and receive your free term life insurance price comparisons from a network of more than 40 of the leading life insurance carriers.

By comparing quotes, you may save up to hundreds of dollars per year on your term life plan.


Term Life Insurance Quotes


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