Term Life Insurance

If you're looking to get a life insurance policy, you should check out some of the term life options available to you. If you want a simple and affordable life insurance policy for you and your family, then term life insurance is definitely an option worth considering. The rates are very affordable, as a typical 40 year-old male is able to get a $500,000 policy with a rate guaranteed for 20 years for around $28 per month. In the case of a 40 year-old female, the price is even lower, at $23 per month for the same amount of coverage.

Here are a couple of things to keep in mind if you're thinking of getting a term life insurance policy:

Term Length

Policies with different terms will come with different rates. You can buy life insurance with terms ranging from 5 to 30 years, but the most popular option is the 20-year term. Remember that the lower your age when you purchase the insurance, the lower your rates are going to be.

Coverage Amount

Think of how much coverage you will need to provide enough for your family. Besides the coverage amount, you should also look at any limitations of the coverage, conditions associated with renewal, and the ability to receive a portion of the policy amount should you be diagnosed with a terminal illness. You will be happy to see that the majority of term life insurance plans now let you renew automatically until you reach the age of 90 without additional medical evaluations.

Medical Review

Some insurers require a medical examination, depending on the coverage amount chosen. When you select a term life insurance policy, you should discuss any medical conditions that you have, as they could affect the type of coverage you are eligible for and the price of the insurance.

Now that you know a bit more about term life insurance, are you ready for your free quote? If so, get yourquick, no-obligation quote now by filling out our simple online form. You could save up to 70% on term life insurance!