Easily Compare Term Life Insurance
Term life insurance price quote. If you plan on buying some term life insurance you are in the right place.
This site is not just a quote portal but more a site where you will get in depth information on life insurance.
You will learn what every available type of life insurance is all about. In addition you will know what to expect when you get your policy. You will find information on what every clause and phrase in your policy is all about.
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Types Of Term Life Insurance Price Quotes
What is term life insurance about anyway. Term insurance is a promise, better yet a guarantee that if the insured dies the named beneficiary will be paid the face amount of the policy in one lump sum or in the form of an income.
The owner may decide before hand whether a lump sum or an income will be paid. This decision would likely depend on the ability of the beneficiary to handle money well. On the other hand that decision may be left up to the person receiving the proceeds, the beneficiary.
You pay a small premium each month, every three months, every six months or every year for your policy. As long as you keep paying you are insured.
Term policies can be bought for periods of 5 years, 10 years, 15 years, 20 years, 25 years or 30 years. The death benefits usually remain level for the duration of the policy except in the case of the decreasing term policies.
These policies are designed to pay off ones mortgage balance upon the death of the insured. The face amount of the decreasing term policies decrease every year as the balance owed decreases.
When you find a policy that fits your need you can apply online and in some cases get an approval in a few minutes. If the policies are very large it may take the company a while as they need to verify that you qualify.