When it comes to term life insurance there are several types of plans you may choose from for your coverage.
1. Level Term Life Insurance - Offers coverage for up to 30 years with level premiums and the amount of life insurance stays level throughout the duration of your policy.
2. Decreasing Term Life Insurance - Offers coverage for up to 30 years where you pay the sam premium each year, but the amount of life insurance protection declines annually.
3. Simplified Issue Term Life Insurance - Offers life insurance coverage with no health exam required but there are some health questions for you to answer. If approved, you may be able to start your life insurance right away.
The type of term life policy that is best for you will depend on your own personal situation and needs.
The most popular type of term life purchased is level term life insurance; however, if you don't want to take an exam or wait for underwriting of weeks, you may purchase no exam term life insurance online today, if you qualify.
Keep in mind, no exam life insurance may have higher rates than term life insurance that requires you to take a physical exam to find out if you qualify for coverage.