When it comes to buying life insurance there's two basic types - Permanent life insurance and term life insurance.
Basically, permanent life insurance offers lifetime coverage and may build some cash value inside the policy, in addition to the death benefit.
Term life insurance is temporary life insurance coverage for 1-30 years, depending on the length of term you choose.
Since term life is temporary life insurance, it usually costs a lot less than permanent life insurance.
If you only need life insurance protection and want the most coverage for your money, a 10, 15, 30 or 30 year term life insurance policy may offer you a more affordable option when compared to permanent life insurance.
The lowest priced term life insurance will be the policy that offers the shortest term, or length of coverage, which would probably be a annual renewable term life insurance policy. However, your rate to renew the policy will increase each year, so it may be a better idea to get a 10 year term life plan, or longer, depending on your life insurance needs.
Here's how you can learn more about how term life insurance works and request your free, instant term life insurance quote comparisons online from several leading insurers.
The younger and healthier you are when you buy your life insurance, the lower your rate for coverage.
Basically, permanent life insurance offers lifetime coverage and may build some cash value inside the policy, in addition to the death benefit.
Term life insurance is temporary life insurance coverage for 1-30 years, depending on the length of term you choose.
Since term life is temporary life insurance, it usually costs a lot less than permanent life insurance.
If you only need life insurance protection and want the most coverage for your money, a 10, 15, 30 or 30 year term life insurance policy may offer you a more affordable option when compared to permanent life insurance.
The lowest priced term life insurance will be the policy that offers the shortest term, or length of coverage, which would probably be a annual renewable term life insurance policy. However, your rate to renew the policy will increase each year, so it may be a better idea to get a 10 year term life plan, or longer, depending on your life insurance needs.
Here's how you can learn more about how term life insurance works and request your free, instant term life insurance quote comparisons online from several leading insurers.
The younger and healthier you are when you buy your life insurance, the lower your rate for coverage.
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