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The Basics of Term Life Insurance
Term life insurance helps provide life insurance coverage for a set period of time, usually 10-30 years. If the policyholder passes away during the set term, the beneficiaries will receive a death benefit. Term insurance is generally more cost-effective than whole life insurance, which provides coverage for your entire life. Term life insurance is often used to cover specific needs, such as a mortgage, a spouse’s loss of income, or your children's college education.
Term life insurance is a temporary life insurance policy designed to pay a death benefit to the beneficiaries if the policyholder dies within a specified term and the policy is still active. If the policyholder lives past the term, the policy will simply expire, and no death benefit will be paid.
The basics of Term Life Insurance
Why choose Term Life Insurance?
While several different types of life insurance policies are available, term insurance is often the most straightforward and affordable option. Term Life helps protect your family’s future financial security for a specified term. Term life insurance can also offer substantial coverage for a lower cost than other life insurance products.
Term insurance can be an important safety net for families, providing financial protection in case of an unexpected death. Term life can also be used to help cover financial obligations, such as a mortgage, credit card debt, or loss of a spouse's income. This type of life insurance is also very popular among parents because they have more coverage needs while their kids are living at home or going to college.
Term life insurance is a simplified and cost-effective coverage to meet your family's financial needs. When purchasing term life insurance, your monthly price is locked in until the term period is up.
Why should I buy Term Life Insurance?
How much Life Insurance coverage do I need?
Many employers offer a certain amount of life insurance; unfortunately, this life insurance coverage is usually not enough to meet all your financial obligations. Term Life Insurance helps fill in the sometimes substantial gap in coverage. Term Life Insurance aims to secure the financial future of dependents in the event of the policyholder's untimely death. It’s important to calculate how much life insurance coverage you will need considering what is at stake.
Some financial obligations to consider when deciding on coverage limits you will need when purchasing term life insurance:
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Spouse's loss of income
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Children’s living expenses and college funding
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Outstanding debts and Cosigned loans
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Mortgage
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A family member that relies on your finances or care
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Funeral costs
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The amount you would like to leave behind for loved ones
How much Life Insurance coverage do I need?
How Are Term Life Insurance Rates Calculated?
Your rates are calculated based on the amount of coverage you select, along with the term of the policy. Other factors influencing a term life insurance policy include the age, gender, location, and health condition of the policyholder. Our insurance carriers do not require applicants to have a medical exam before qualifying for the coverage they choose. It’s important to note medical exams can affect the price of term life insurance with other carriers.
How are Term Life Insurance rates calculated?
How to get Term Life Insurance?
How to get Term Life Insurance?
Term life insurance rates start at just $10/month through our carrier partners. Easily apply 100% online in under 5 minutes with our carrier partners. You can customize your coverage to your needs and receive up to 1.5 million in coverage upon approval. There is no medical exam required for ages 18-55. You can rest assured our trusted life insurance partners are backed by the largest reinsurers in the US. No matter what the future may hold, your policy will be honored in the event of your passing.
Our insurance partners will only ask for the following information:
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Your name, date of birth, email, and social security number
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Medical history and lifestyle
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Your beneficiaries’ details
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Payment information if you decide to purchase the policy
You are in control of your coverage
Unlock the financial security of term life insurance with a few clicks online. Enjoy convenient coverage and protection that fits your budget without ever leaving your home!
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No medical exam
No medical exam is needed. Get an instant decision and coverage today if approved.
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100% online application
Get pricing in seconds and results in minutes with a 100% online application.
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Trusted Insurer
Industry-leading insurers provide coverage with over 250 years of combined experience.
Covered
Protect your family's financial security
Secure financial protection for you and your loved ones with a simple online purchase of term life insurance. Get started today to create long-lasting peace of mind!
Up to $2 million in coverage
Choose from 10-30 years terms
For applicants between 18-60 years old
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