Affordable Life Insurance Protection for Your Family
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:
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:
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:
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:
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
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.
Highly Recommended – Haven Life
Haven Life uses the information provided in your application to make an instant decision on your application. Healthy, qualified applicants (based on the information provided in your life insurance application) can be insured immediately with no medical exam while other applicants can receive immediate coverage pending a medical exam.
Applicants age 60-64 are eligible to apply for up to $1 million in coverage; subject to underwriting approval.
Some qualified applicants (U.S. citizens up to the age of 59) will be able to finalize coverage without the need for a medical exam. The majority of applicants are still required to take a medical exam.
Keep in mind: Issuance of the policy or payment of benefits may depend upon the answers given in the application and the truthfulness thereof.
Highly Recommended – Globe Life Insurance
$1* Buys $100,000 Globe Life Insurance for Adults or Children