Do you need life insurance? If so, have you considered term life to protect your family? Term life insurance quotes offer you affordable protection for up to 30 years. How does it work? Term policies provide temporary coverage for a specific number of years. It builds no cash value within the policy. If you exclude the term of your policy, your coverage expires. It offers you the most affordable life insurance available, which means you can afford to purchase more protection for your loved ones. Level term plans are the most popular type, providing guaranteed level rates and coverage amounts for a period of 10, 15, 20, or 30 years. There are a number of reasons to consider term life, including:
- It offers the lowest cost.
- Prices are now starting to rise.
- Prices have declined for almost 10 years.
- Rates increase with your age, so the sooner you buy, the lower your rate may be.
Why are rates for life insurance starting to increase?
Carriers are starting to raise their prices for two reasons:
- Poor investment results over the past year.
- The Need to increase capital.
How can you compare quotes?
- Contact a local agent in your area.
- Contact insurance companies direct.
- Request free rate quotes online from a quote provider.
Why should you compare multiple quotes for term life before choosing a policy?
The main reason is because rates due vary between companies. So, the more carriers you compare quotes from the better your chances of saving money on your term life policy. NOTE: Make sure you consider the financial rating of the carriers. Your quotes should show you the company names, financial ratios, type and term of policies, and the prices quoted, as well as, your premium payment options.