Term Life Insurance Tips

What are some tips for finding affordable term life insurance coverage?

If you want to find the right term life policy from a highly-rated company make sure to consider these tips:

1. Compare multiple term life insurance rate quotes from several life insurance companies.

2. Choose the right amount of life insurance coverage that meets your needs, so you aren't paying for life insurance you don't need.

3. Make sure you choose life insurance for the correct length of time you need coverage. Term life offers life insurance protection for a term of 10, 15, 20 or 30 years. The longer your term for coverage the higher your rate.

4. Consider annual premium payments instead of monthly, since most insurers add a fee or additional charge if you make more than one payment per year for your life insurance coverage.

5. If you smoke, quit smoking since smokers pay up to 2 to 3 times more for the same amount of life insurance compared to non-smokers.

Here's how you can compare instant term life insurance rate quotes from 70 of the leading life insurance carriers.