Term Life Insurance Quotes
Term life insurance quotes are easy to get. So easy in fact, that all you have to do is fill out the information on the instant quoter on this page to display quotes. In order to apply for term life insurance, you'll need to work with an agent to submit your application, and our team is licensed and ready to help. Include accurate contact information in the instant quoter, and we'll be in touch shortly to schedule a time to chat.
Term Life Insurance is generally the cheapest way to get the most coverage. It's a great option when your goal is to cover your family until your kids are grown adults, or have coverage for your spouse as long as possible without depleting your bank account. Most of us don't plan on dying, but we all do at some point, and sometimes it happens sooner than we expect, so having a term life insurance policy can cover you for a significant amount of time without breaking the bank.
An important part of the quote process is estimating your health rating. When people are applying, everyone considers themselves healthy, but things like medications, medical conditions, blood pressure, and health history all play into what the underwriter will approve for your policy. For marijuana use up to 3x per week, the highest health rating you can get is Standard Plus. If everything else looks good on your application, you will likely receive this rating. Preferred Plus is reserved for the top 5% of applicants, so make sure you enter Standard Plus or lower for marijuana use when running your instant quote.
Term life insurance policies come in different lengths of time. You can select a 10 year term, 15, 20, 25, 30, 35, and even 40 year terms. Sometimes applicants start off wanting $1MM death benefit with a 30 year term, but because of their current age and/or health history, their approved rating comes back a little higher than expected. What we can do is adjust either the death benefit amount, shorten the length of the term, or both to meet your budget and still get you the coverage you need.
Term policies can come in different shapes and forms, but the term insurance we recommend is called a Level Term policy, meaning your premiums and death benefit remain the same for the duration of the policy, and the beneficiary may do whatever they wish with their tax-free death benefit. Other polices may be sold as Mortgage Insurance where the bank that gave you your loan is the beneficiary, and the death benefit decreases over the length of the term as your mortgage is gradually paid off. We recommend level term policies over these because the beneficiary can pay off the bank if they wish, or use the funds for other important expenses like car payments, health insurance, groceries, college tuition, etc.
An option available with Term Insurance is known as Return of Premium. It works the same as Term Insurance in that the premiums and death benefit remain the same throughout the duration of the term, however if you are still alive at the end of the term, the insurance company will return all of your premiums. In order to get this type of policy requires paying a bit more than just standard term insurance, and that decision is up to you.
If you're still reading this, it's time to see some quotes. Fill out the instant quoter at the top of this page to see your rates.