Term Life Insurance-Term Life Insurance Rates

Art Soup asked:


I am hoping someone can explain to me why 20 years is better than 10 years. Our agent is adamant that the 20 is the way to go, and most of the answers here have agreed with that. But the question I have has not been answered.

I am 40, my wife is 30, and we just had our first child. She is not working and money is tight.

The price for the amount of coverage I need is 60 a month for a 20 year term. This would be a total of 14,400 in 20 years. But the price for a 10 year loan is 30 a month for a total of 3,600 in 10 years.

So even if a 10 year renewal at age 50 were 90 dollars a month, that would break even. And anything less than 90 a month on the second 10 year term would be a savings. I am also hoping that in 10 years, my ability to pay even 200 a month would be easier than 60 a month now. And if my retirement bounces back, I may not need as much coverage.

So is my logic sound on this, or in light of this, can someone explain the advantage of the 20 year policy?

Many Thanks!

Alexia Tham

dizzol asked:


We just had a Primerica representative come in our house and try to tell us why we need life insurance.

I do agree my wife and I would like a term life insurance plan, but am not sure if I want to go with Primerica. They are not the cheapest and I read some good and bad things about them.

Can anyone recommend some alternative companies?

How is Transamerica? They seem to pop up in the top 10 insurance company list a lot.

Walton Weneck

shaham k asked:


which one is better if you are starting your own business.
also how much time you need to have to cash it out all the money from the term life insurance. Moreover, what are the advantages and disadvantages of both of these options?

Christie Ciganek

magdalen asked:


It seems much more costly to buy direct as an individual than thru my company. Is my company getting a tax credit/discount? Should I form an LLC to get the same discounted value?

Trinidad Clearo

George Nelson asked:


I am very healthy mom of tree seeking term life insurance and I got this quote. It is for 300 000 dollars, 30 years, term, I am healthy, family healthy no smoke,no driving problems, any extreme, no sick relatives, no overweight. I am looking for the best price and I got this quote for 22 dollars a month. Is there any better price? Thank you

Mac Maid

asked:


Whats the difference between regular life insurance and term?How does term work?

Leonora Alonzo

asked:


whats a good price

Warren Richmeier

asked:


I’m 39 and have life insurance through my employer. I could probably obtain private life insurance for the same rate.

Is it wise to get non-employer term life insurance now (before I’m 40)?

I may not stick with my current employer for another ten or twenty years, but I’ll probably be here for a few years. Is there any downside to waiting to obtain term life insurance elsewhere?

Rae Partmann

kathlene asked:


insurance? or premium life insurance? or term life insurance?

Loyce Ochiai

kapil asked:


How do I get a term life insurance quote online?

http://unblockhi5.cn/health-insurance.html

http://unblockhi5.cn/health-insurance.html

http://unblockhi5.cn/health-insurance.html

Carol