Compare Term Life Insurance Quotes and Choose the Best Policy
If you have dependents, you need life insurance. It replaces your income in the event of your death and pays for expenses such as your funeral, your medical costs, and any debt you have incurred. It can also pay for your children's education should you pass away before they reach college age.
Term coverage is often considered the best option for most people. It provides the same benefits as any other type of protection, and it provides them at a greatly reduced cost. This type of policy protects you if and when you need it for as long as the contract is in effect. If you buy a 30 year term plan, your family will receive a death benefit if you die within 30 years and your premiums are up to date. If money is tight, you can opt for a shorter coverage period such as 10 or 20 years in order to save on a monthly premium.
With so many products to choose from, we offer viable solutions that are tailored to your needs.
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Make sure that the people you love who rely on you are taken care if you were to pass away prematurely
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We have established a diverse network of providers that offer solutions for all of your loved ones.
Find Great Rates from A Reliable Company
Your time is valuable, which is why you should shop the most efficient way possible. On our site, you can get multiple quotes in a matter of minutes and lock in affordable coverage. Shopping around is the key to the best rates, and you can do all the shopping you need using only our free service.
We give you the ability to compare quotes from financially sound companies. You might see some fly-by-night companies making thinly-veiled promises that seem too good to be true. Chances are, they probably are too good to be true. A very low premium from a company that might not be in business and/or will not be able to pay your death benefit when the time comes is not a good deal. On our website, you will receive estimates from only the best in the business.
So how do you get the coverage you need at the best price? Follow these simple steps:
Decide What You Need - Before you can begin the process of buying a plan, you will need to figure out how much coverage you need. One way to calculate this is to make a list of all your outstanding debts such as mortgages or car payments that your beneficiary would be responsible to pay if you were to pass away prematurely. You may also want to add any additional expenses you anticipate incurring as well as a little extra for emergencies. In addition, you will need to decide whether you want a ten, fifteen, twenty or thirty year term. Some people use their retirement age as a guideline for this, whereas others choose the longest period they can afford.
Compare Rates - These types of policies can vary greatly in cost. The best way to ensure that you are getting a good deal is to use a comparison site such as ours to compare policies side by side. This site partners with most of the major insurers in the business, so it can provide you with unbiased quotes from many providers at once. In addition, the website has everything you need to buy the ultimate level of protection. It can help you understand how to get the coverage you need and walk you through every step of the process.
Fill Out an Application - Once you have decided on an insurer, you will need to fill out an application. It is important that you are honest on all parts of the application if you don't want your agreement cancelled or claims denied. Every application form is different, but in general you should expect to provide the same information.
Undergo a Medical Exam - Most companies require that you complete a medical exam before they will approve your contract, especially if you are over forty years of age and applying for more than $100,000 worth of coverage. The testing is usually free and provided by the company. The requirements for the exam differ depending on your age and coverage amount, but at a minimum you should expect the doctor to measure your weight, blood pressure and pulse rate and take a urine sample. Some companies may also require blood tests and an EKG.
What to Consider before Applying
- It is important to remember that these options do not accrue cash value or pay dividends. They also differ from other types of insurance products in that they are not an investment tool.
- Your premiums will increase with age. Although you will be able to get affordable rates initially when you request estimates, bear in mind that your premiums will increase as you age.
- Once the contract expires, your protection ceases. After your term period ends, you will have no further protection unless you renew your policy. In other words, your policy will have no further value once the agreement expires.
- You should review our terms and conditions regularly as they may change at any time.
What Should I Know About the Medical Exam?
In most cases, the simple tests can be conducted in your home or office by the company's health representative. If the company requires laboratory testing, they will refer you to a doctor of their choosing or allow your family doctor to conduct the testing and supply the results. During the testing, you can expect the provider to gather the following information:
- Your personal medical history
- The medical history of your family
- Contact information for your family doctor
- Personal habits including drinking, smoking, drug use, and exercise
- The type of policy you're interested in including dollar amounts
- Height and weight
- Blood pressure and pulse
- Blood work including checks for cholesterol, protein, glucose, and HIV
- Urine testing including checks for illicit drugs, glucose, protein, and creatine
A policy that doesn't include a health exam assumes that applicants have a reason to decline this requirement. In other words, the provider factors in the high possibility of an existing health condition, and the rates reflect this assumption. In most cases, you'll pay more if you opt for a plan that comes without an exam. Keep in mind that the insurer will still likely ask questions about your medical history; they simply don't require formal testing.
A Look at Coverage for Different Life Stages:
You want your loved ones to be provided for in the event of your death. At the same time, you may have put off buying protection because you felt the premiums were so high. A temporary policy is easy on the pocketbook. It's the most affordable type there is. Not only is it cheap, you get way more coverage for your money than you would with other types of coverage.
Newlyweds Should Consider the Benefits
For many newlyweds, especially those in their twenties and thirties, implementing a sound financial plan that includes a life insurance policy is not a top priority. Often, financial obligations such as student loan debt, automobile insurance and expenses associated with housing are among the financial aspects of life that receive the most attention. Even many who are newly married for a second or third time and are later in life place a higher priority on home ownership, retirement planning or paying college tuition for their children over investing in a well-funded policy. The fact is, policies for newlyweds should be seriously considered for peace of mind and financial security for each other.
Added Peace of Mind for Parents
As a parent, children depend on you for much more than love and guidance. Their future and security is often dependent upon their parents' ability to provide adequate monetary protection for their family. The loss of a family's income earner can lead to financial hardship and devastation. New mothers and fathers that appropriately protect their family with a solid plan can replace the income that they had earned and depended on to meet financial commitments. Long term financial obligations such as automobile loans, mortgage and rental agreements require either regular income or significant liquid money.
The unexpected death of an income earner without adequate coverage can result in credit and loan defaults. Finally, tuition rates have been steadily rising nationwide for decades. Expenses and costs associated with providing a college education for a child are some of the greatest expenses that parents incur in their lifetime. Without adequate, regular income or availability of liquid money, funding a child's college expenses is very difficult. The death of a parent that is a household income earner may prevent that parent's child or children from attending college and receiving a quality education. This can easily be remedied by investing in a solution for parents. Upon the death of a parent, surviving dependents can be financially covered and college or university expenses paid for.
What about Insuring Children?
When a child's life is insured, the beneficiaries, usually the parents or other guardians, receive a certain amount of money in the event of the child's death. The largest and most obvious financial cost that arises from the death of a child comes from funeral expenses, which can easily reach $10,000. There are also numerous other potential expenses to consider, including lost wages due to time taken off from work and the cost of bereavement counseling. Parents may also face health expenses not covered by standard health plans, which this other type of valuable protection may help alleviate.
Protection for Seniors Looking to Leave a Legacy
Today's economy has adversely affected the self-insure plans of many seniors as real estate and personal investments have floundered. However, it is still possible for many of you to acquire a plan tailored to elderly subscribers to cover important end-of-life expenses and protect the welfare of those you love in the event of your death. Making sure that you do not leave behind a burden of financial expense is one of the last things you can do to show your love and devotion, and getting seniors coverage is one way to guarantee that money will be there for funeral expenses, college funds and mortgage payments. Getting affordable protection for seniors depends on both your age and your health. The majority of plans require a physical and a complete medical history that goes back at least two years. In some cases, one physical and/or medical questionnaire is sufficient for the remainder of the policy, even if you choose to renew it. In other cases, renewal is conditional upon the results of an accompanied new health exam.