Since a term life insurance policy is temporary, for a set period of time, the rates will vary by the number of years you have life insurance coverage under the term policy.
For instance, the premium will be lower each year for a 5 year term life policy, than you would pay for a 10 year term policy, because the chances of you dying are greater in the next 10 years compared to the next 5 years.
For seniors, term life plans may be available for a period of up to 10 years or less, depending on your age and health.
Also, there are no exam life insurance plans for seniors that offer a limited amount of life insurance with no physical check-up required. These plans may cost more than life insurance that does require you to take a medical exam.
One way to save on your life insurance is to compare senior term life insurance rates online among several of the highly-rated life insurance companies to help you find the most affordable plan to meet your life insurance needs.
For instance, the premium will be lower each year for a 5 year term life policy, than you would pay for a 10 year term policy, because the chances of you dying are greater in the next 10 years compared to the next 5 years.
For seniors, term life plans may be available for a period of up to 10 years or less, depending on your age and health.
Also, there are no exam life insurance plans for seniors that offer a limited amount of life insurance with no physical check-up required. These plans may cost more than life insurance that does require you to take a medical exam.
One way to save on your life insurance is to compare senior term life insurance rates online among several of the highly-rated life insurance companies to help you find the most affordable plan to meet your life insurance needs.
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