Term Life Insurance-Term Life Insurance Rates

Ellie asked:


I spoke to an agent and he recommended life insurance (since in the future I plan on having a family, kids husband). Term insurance for 10 20 or 30 years is pretty cheap ranging from 10-16 bucks a month for me, whole life is A LOT more. I understand the rate for whole life will just keep going up as i get older, but he said it would make sense for me to get term just so I can take the medical test and in the future 10 years (or before the term life insurance expires) I decide to get a whole life policy with the same company (met life) they would still quote me a premium at the health I had when I got my term policy (in case my health were to worsen)….

Am i Making sense..
So basically he sa

Sandy Contraras

dejavuisk asked:


need a term life policy for $8,000

Emily Krzyston

When you want a complete and pure life insurance cover for you or your family members then the term life insurance is your best bet. Term life insurance is considered to be the original form of life insurance and is regarded as pure insurance protection because it builds no cash value.

Term life is also the most affordable type of life insurance if compared to permanent life insurance such as whole life, universal life or variable universal life insurance. As the term life insurance builds no cash value. That means it will not offer you a return on your investment and your money is not returned at the end of the term.

Still, the term life insurance can be the best way to insure one’s life and to cover the risk in certain conditions. People opt for this form of life insurance when they need protection for a certain period of time. In general the term life insurance may not be the most sensible insurance option if thought over practically, especially for those who are looking at insurance as an investment option.

But there are circumstances where term life works out well than whole life insurance policies that carry a much higher premium compared to the term life insurance.

This life insurance is suitable to people having a considerable amount of debt and young children to support, or for young couples who need to have life cover. In such cases it is very difficult to pay the premium of a whole life insurance. Term life policy comes as an answer to this people.

The premium of a term life is much lower and affordable compared to the whole life and for the specified period of time there is a sense of security for the person who is insured. Worst come worst, after insuring for term life the insured were to die the amount insured is paid to the family and this money in such a situation will be exactly what the Dependants’ need. The biggest benefit being the fact that term insurance can provide fairly large amounts of coverage with relatively low premiums.

The coverage of the life insurance can be decided according to the amount of debts the family is having or the number of dependents and their financial needs in case the unexpected happens. The term or insurance term can be decided on the time your children or dependents will take to become financially self-sufficient. You should also consider your financial needs and those of your dependents.

There are many companies that offer this life insurance policy. It is advisable to look for the company with reputation of answering the claims in short time with no hassles to the dependents. You can ask for online quotes from these companies to get multiple quotes so that you can decide between them.

As the term insurance is for a specific period of time, take the cover for the most crucial period when you have many responsibilities to shoulder. In all, the term life insurance is the best way to get the insurance cover in low premiums and to plan ahead.



By: Dave Text

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Byron Neaves

vern01 asked:


i just called select quote and got a quote for a fixed 30 year insurance plan for 500,000 at $38/month. do you all think that’s a good rate? they don’t charge me anything if i choose to discontinue the insurance. i wanted to get some feedback from you all. i was interested in it bc i just had my son and wanted it “just in case.” in your experience is the deal i got good? i calculated it and if i paid 38 dollars/month for 30 years and nothing happened to me it would be over 13,000 down the drain. but i guess that’s the purpose of insurance. please let me know your thoughts.

and, i got the quote over the phone and may have lied about my weight, etc. the rep told me later in the convo that a nurse practitioner will be coming by my house to take a physical and will want my doctor’s info to get my medical records. what are your experiences with that?

Geoffrey Eckles

Nancy asked:


So I have had a term life insurance for eight years and three months ago my house was robed and my purse went missing. I canceled a lot of bank accounts and opened new ones. my life insurance was one payment that was deducted automatically. well since I canceled my account the payment was not honored for two months. now that I called my insurance company they tell me my policy lapsed and I cannot pay the backed up amounts and continue my policy. Now they want me to get a new one and start all over again. what can I do can they really do that or what are my options???? help it gets expensive since I am older now.

Deloras Buboltz