Term Life Insurance

Term life insurance is often the best way to protect your family with the coverage you need, at a price you can afford.

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Term Life Insurance provides you with a  fixed death benefit for a specific number of years.  During this period, your term life insurance policy will cost you the same amount of money each payment period.

The terms available vary from company to company.  However most insurance carriers offer term life insurance for 10 year, 15 year, 20 year, and 30 year periods.  1 year and 5 year plans are available from a few companies.

One of the best features of the Term Life Insurance engine that we use, is that it gives you the ability to compare term life insurance rates with different guarantee periods, from over 250 life insurance companies.

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What are the advantages?

The biggest advantage of term life insurance is its cost.  It is the least expensive option available.  This type of coverage is very popular with young families because it allows them to fully protect themselves with a relatively low cash outlay.  For many older Americans it is the plan of choice because the price of permanent insurance is just too expensive.

What's the downside?

The biggest drawback is that at the end of the term your premiums will skyrocket.  Increases of 1500% to 2000% are not uncommon.  Essentially, unless you are terminally ill, you will never continue to pay the premium after you term expires.