30 Year Term Life Insurance Policy

The 30 year term life insurance policy is a very interesting policy and not expensive to boot.

This policy would come in handy for young people especially if they have recently been married or intend to get married in the near future.

Young business people also find the 30 year term life insurance policy a real good deal.


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30 Year Term Life Insurance

  • 30 Year Level Premium

    Because term life insurance is generally considered as temporary life insurance variable life insurance, whole life insurance or universal life insurance was the only way to get a life policy with any permanence.

    These are very good policies for the people who can afford them. For many insurance buyers with limited dollars these policies would not afford them the opportunity of purchasing sufficient life insurance to protect their families …

    New small businesses, although they may have a substantial need for life insurance, cannot put out the necessary cash to buy sufficient life insurance if they use the whole life, variable life or universal life policies.

    The 5 year term policies and 10 year term policies don’t last long enough so it would be a good idea to consider a 30 year term life policy.

    The 30 year term life insurance policy has a level premium for the entire 30 year premium paying period which is surprising inexpensive especially if purchased at a young age. The 30 year term life insurance policy is ideal for the above-mentioned situations.
  • Level Death Benefit

    The death benefit of the 30 year term life policy remains level for the duration of the policy. Upon your death the life insurance company will pay the full face value of the policy more often than not in one lump sum.

    This can also be paid in monthly income form. The method of distribution of the policy proceeds is a decision made by the policy owner either at the time of application or any time during the policies life…

    If the income option is selected there are many methods to choose from. You may choose a life income with no certain period. Your beneficiary would receive this income for as long as they lived. Upon that persons death that income would cease.

    You could also choose as an alternative a life income with 20 years certain, for example. The beneficiary would be paid a little less than with the previous option but upon this beneficiaries death a contingent beneficiary would continue receiving the same amount of income.

    If this contingent died then the income would continue to the second contingent beneficiary until the end of the 20 year period. To put it in a nut shell this life income derived from the proceeds of your 30 year term life insurance policy must be paid for a minimum of 20 years.

    If, however the primary beneficiary lives the income will last for as long as s/he lives even if it is to age 100.

    The other ways for the proceeds to be paid out is through the fixed period income option, the fixed amount income option or the interest option. For explanations on these see Life Insurance Settlement Options

You can also add the waiver of premium rider to the 30 year term life insurance policy as well as the accidental death benefit rider.


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The Perfect Life Insurance Policy

If you like term life insurance 30 year term life insurance affords your family financial security for a guaranteed period of 30 years.

Surprisingly…the premiums are considerably lower than those of most life insurance policies.

When an insured dies the full face amount of the policy, or an income derived from the face amount of this policy, is paid out to the beneficiaries.


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30 Year Term Life Insurance In Action

If you have ever seen the devastation which overcomes a family when the breadwinner dies you will appreciate the value of a life insurance policy like the 30 year term life insurance policy we are discussing.

Let me tell you a little story which illustrates a situation where disaster was avoided through timely planning.

About 17 years ago, I took a friend of mine to lunch, over which we discussed his life insurance needs.

I took all the necessary information and did a Capital Needs Analysis for him and the following week he bought $1,400,000 of 30 year term insurance as a temporary measure.

A year and a half later he died in an automobile accident. This accident was no fault of his.

Two days after the accident I visited his family, with the intention of assisting them in any way I could. His wife, when I entered the house, was standing over the sink washing dishes.

We embraced each other as I attempted to comfort her. I must stress that there is nothing that can relieve the emotional burden of a wife who sincerely loved her husband when he dies suddenly.

When I was ready to leave I handed her a check for $30,000, to tide her over until the estate went through probate…and was settled. I have never before, or since, seen such a dramatic change in the demeanor of a human being in my life.

You see, she did not know that her husband had bought that 30 year term life insurance policy. She explained that she did not know what she was going to do.

They had two children ages 9 and 12. It was her firm belief that she should stay at home and raise her children if she could afford to do so.

This wife was able to do the things she needed and wanted to do because her husband cared enough to buy this 30 year term life insurance policy.

Together with other life insurance policies on the husbands life there was sufficient principal to provide an income for herself and her children for as long as she lived. This friend of mine is working outside the home now but…not because she has to. She is working because she wants to.

With some 30 year term life insurance policies the premiums remain level for the entire 30 year period…thereafter the premium increases every year.

In order to keep the policy after the initial 30 year period some life insurance companies may require additional evidence that the applicant can still qualify… a medical examination.

With some policies, during the first 30 year period, the premiums are increased every year 5 years or 10 years. With the better companies the premiums remain level for the duration.

These policies can be used to take care of family needs like in the above described situation. They can also be used to to pay college costs, to pay off outstanding debt or to fund a buy sell agreement. 30 year term life insurance is also used for key employee life insurance.

So, if you are looking for a cost effective life insurance policy that you can keep for a longer period of time than the average term policy 30 year term may be your solution.

Two Great 30 Year Term Policies

30 year term insurance. I recently did some research on the development of the 30 year term insurance policy over the years.

What I learned was quite interesting. Because of the tremendous interest in term insurance the life insurance companies have greatly improved this policy.

Think about it, you graduate college, you probably get married after you get a good job and accumulate some money either in the bank or in some good investment of your choice. You of course buy a home for your new family.

You have a need for some life insurance now to protect them in the event of your premature death. You decide that a 30 year term insurance policy would be good for you. Here is how it works.


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30 Year Term Insurance

  • The 30 Year Level Term Policy

    The 30 year term policy maintains a level death benefit throughout it’s lifetime. The premiums also remain level for many of the newer 30 year term insurance policies. It used to be, and is some cases it still is so, that the premium would be lower in the first five or so years then it would increase.

    Many of the better companies now maintain a level premium throughout the life of the policy. What is amazing is that they keep the premiums so very low. That is good for the insurance buyer and it seems to be good also for the companies as they sell a lot of this type of insurance.
  • The 30 Year Return Of Premium Policy

    If you are willing to pay a little more premium you can get a 30 year return of premium policy. The face amount of the policy remains level throughout and so does the premium. The great thing about this policy is that if you don’t die within the 30 year period you get a return of all your premiums.

    Isn’t that just great? Just imagine you pay your life insurance premiums for 30 years and if you died the insurance company would pay your family the full face amount of the policy. If you don’t die they give you back your money. I think that is the best of both worlds.
  • The Waiver Of Premium Rider

    You can add the waiver of premium rider to either of your 30 year term life insurance policies. If you should become disabled, anytime after 6 months of disability, the life insurance company will step in and pay the premiums for you for as long as your disability lasts even if it is for the rest of your life.
  • The Accidental Death Benefit Rider

    You can also add the accidental death benefit or double indemnity rider. If you should die in an accident the company will pay your family twice the face amount. Here is an example. If you had a policy for $500,000 and you died in an accident the company would pay $1,000,000 to your family.

    I am a strong believer in the 20 year term policy but it seems to me that with such great improvements the 30 year term insurance policy is worth serious consideration.

Can you think of anything more important than your Family’s Security? What would happen to Your Family if you died? Would they be provided for? Compare Quality Life Insurance Quotes from Quality Carriers and Save. Click Here

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