But first, let's review how term life works. Term life insurance is temporary life insurance providing protection for a period of up to 40 years. Your policy term is the length of time you have coverage. You may choose a policy term of 10, 15, 20, 25, 30, 35, or 40 years, depending on your health and age.
The longer your term, the higher your annual cost of life insurance.
If you pass away while your policy is In Force (during the policy term), the death benefit is paid from the insurer to your beneficiary. If you outlive the policy term, there is no payout of any benefits, and your life insurance coverage ends.
You can shop and compare pricing on term life policies by visiting a life insurance website, filling out the Quote Request Form, and clicking on a button, to instantly see on your screen the lowest prices available from a network of leading life insurance companies.
Your price quotes are based on the information you provide on the quote request form, so make sure to answer all questions truthfully, to get the most accurate estimate of your life insurance premiums.
Here's how to shop for term life insurance right now.