Usually, term life policies last until you reach a certain age, like 65 or 70, or for a set period of time, such as, 10, 15, 20 or 30 years.
If you outlive the duration of your term life policy, your life insurance coverage ends.
If you die during the term life policy, your beneficiary receives the death benefit from your life insurance.
Term life is pure life insurance protection, not an investment.
Term life insurance is the cheapest life insurance, and costs a lot less than permanent life insurance which provides lifetime coverage.
How can you compare term life quotes?
It's simple. You just visit a life insurance website offering quote comparisons, fill out a short quote request form, and instantly receive your life insurance rate quotes from several life insurance companies.
Your life insurance quotes will provide you with the following:
1. Type and amount of life insurance.
2. Premiums for the life insurance.
3. Name and financial rating of the insurance companies offered.
4. Premium payment options.
5. Option to apply for life insurance coverage.
By comparing multiple term life insurance rate quotes online among several leading life insurance carriers you can find out which insurer may offer you the most affordable plan.
Term life usually offers level premiums and coverage amounts for a period of 10, 15, 20 or 30 years, depending on your age and health.
Here's how you can compare term life insurance quotes online today.