We offer term life insurance quotes online and direct from several affordable and highly rated carriers. Term life options usually span from 5-40 years depending on your time horizon. Through needs analysis, we help our clients to determine the right amount of insurance needed for the right amount of time.
Our instant quoting software allows you to compare prices from numerous well-capitalized carriers. We also work directly with life underwriters to give you the most accurate quotes based on your health and family history so you can find the lowest prices available.
We are licensed with the most competitive and affordable term life providers so our clients can compare rates with several side by side. We also work with medical underwriters in order to see where one carrier might offer better rates over another.
With our help you can find stable life insurance coverage for the time period that best fits your needs and goals. By establishing a low-cost plan your can protect your family and financial interests now and in the future.
Some of our many providers include: American General, American National, Aviva, Banner Life, Genworth, ING, Prudential, Lincoln Benefit, Lincoln National, MetLife, Minnesota Life, Mutual Of Omaha, Nationwide Insurance, Transamerica, and West Coast Life to name a few. Several of our carriers allow for online enrollment so that our clients can easily purchase the amount of life insurance they need quickly and easily.
The most common type of policy purchased is level term life insurance. This option offers a level death benefit that neither increases nor decreases over time. In most cases, the premiums will be the same each year and these plans are most affordable when paid on an annual basis.
Level term is usually purchased for 20 or 30 year time increments, but several insurance companies offer differing policy lengths depending on your needs. Of course, you can cancel your policy anytime or by simply no longer paying premiums if your financial situation has changed.
Decreasing term allows the insured to purchase a policy with a death benefit that systematically decreases over time. Premiums will be level in most cases, but less expensive than a policy with a level face amount. These policies are popular for those who are confident that their future financial obligations will be less – such as those paying down a home mortgage or with children graduating from college.
Annual renewable term insurance is the least common life policy and usually the most expensive. Policies can be renewed each year without proof of insurability, but the premiums will increase year over year while the face amount will stay the same.
In order to receive the best rates for a term life policy, medical underwriting will be required for most policies. You will not usually need to visit your doctor, rather a medical professional will come to your home or place of business. Medical records from your primary care physician may be requested however.
In most cases, the examiner will record your height, weight, and blood pressure while also drawing blood and/or saliva. You will need to be free from tobacco usage for at least one year with most carriers in order to qualify for a tobacco-free rate. It’s also important to be drug-free with no signs of heavy alcohol usage.
Some carriers offer limited underwriting should you not wish to undergo a full exam. In this case, you will only need to answer a few questions on the application, but you will find that rates will be higher for these types of policies. These plans are ideal for those who would rather not undergo blood tests and the like.
Typically simplified underwriting type policies will have limits on the amount of coverage that can be purchased. They are not as flexible as fully underwritten coverage. In most cases, $300-350,000 will be the maximum amount of life coverage available from any one carrier. Of course, you can apply to more than one carrier.
Our independent life insurance agency works with the most affordable providers. We make it easy for you to compare and purchase term life insurance plans that fit your overall needs and goals. Contact us for a consultation or to view quotes today!