Term Life Insurance-Term Life Insurance Rates

valery asked:


I am looking for term life insurance, meaning the rate would would locked for 30 years regardless of my husband and I getting older.
I just have couple questions, i am hoping someone would shed some light:
what does this mean??: The Select-a-Term provides a level death benefit term to age 95

also what does this mean? Current premiums are guaranteed level for the first 15 policy years.
if i am selecting 30 years, why are they only guaranteed for 15 years? also, what else should I be looking for?

thank you!

Lauren Diprima

robbyn asked:


Agents are always extremely keen about selling my family whole life insurance instead of term. According to the agents, whole life is preferable to term since it does not expire and as a result the beneficiary is guaranteed some payment upon the death of the insured. However, why would the insurance company profit from such a setup if they are bound to pay back an amount that is at least equal to the total amount paid?

I have tried to do some research on my own, but I still can’t seem to fully understand this matter. Any help will be greatly appreciated!

Cornell Kondratowicz

m_r_nunley asked:


I am a mother of 2 and almost forty years old and still do not have any life insurance. I just want to have enough to pay for my funeral and pay off whatever bills I may have outstanding. I think a 50,000 $ policy would be more than enough, but I don’t know anything about either types of insurance. Does a person pay for this until they die or only until they reach the amount purchased if they live that long. Does the monthly payment stay the same forever or increase with age? HELP

Felipe Zappavigna

xmdmcadams54 asked:


I have life insurance provided through my place of employment.

Vern Feller

Rajaei A asked:


My wife and I just bought a Universal life insurance policy. We each have $100,000 in coverage. After talking to my parents, who are 59 and 58 years old and have term life, we think we are paying too much per month for premiums. Our agent showed us and told how the premiums we pay will partially go into a savings account and collect interest. This looked like a good thing and that is why we went with the Universal coverage. He also told us that the premiums for term would keep going up as we got older. My parents pay a combined $65/month for there life insurance (with $150,000 coverage each). My wife and I pay a combined $125/month. After talking to my parents and reading up on the difference between universal and term, it seems that the money that is suppose to be in a “savings account” with universal, might not be all it’s cracked up to be. I know they gaurantee you a certain interest rate, but that is only if they perform and make the profits that they need to. My question is will there really be as much money in a “savings account” as the agent showed us, or will we cash out at the end and only get a few hundred dollars? Can you explain the difference a little better for me? Thank you very much for your time.

Irwin Timchula

AnnaA asked:


If you choose term life insurance, how might you then provide a long-term savings for yourself since term insurance has no savings plan?

Renata Racette

albertina asked:


I am flying to India in a couple of months. What’s the cheapest way to get life insurance for that particular flight?

Neal Tecklenburg

martin asked:


I am interested in getting term life insurance for myself and my husband, but I’m so confused about what kind, how much, and how long of a term to get. We have a baby, and I’ve choosen to stay home. Therefore we have a limited budget. Our mortgage is about $120,000. We are in our early thirties. Is a level term more cost effective or one that esclates with age? To cut costs would it be better to go with less money for a longer term or more money for a shorter term? What other variables should I consider when choosing an insurance company? I’ve gotten quotes from different companies for a 20 year term for $200,000, and they range from $180 per year to $600 per year. This is just making me more confused!

Moon Wassenaar

Miami G asked:


what are the main differences in them
i know the differences in them, but would it be smart to get both, or just one of them
i do live in miami with crazy people so accidents happen

Filiberto Inserra

WeNdY asked:


I want to know if I can buy term life insurance on my ex-husband. We have kids together and worry that if something happened to him, the kids wouldn’t get their child support and money for college. He says he has it, but he’s pretty flaky when it comes to stuff like this. I’d rather pay for it myself and know it’s there. He knows I have life insurance so the kids would be set if something happened to me.
The kids could be the beneficiaries. Would it work that way?

Spencer Utzig