What does Term Life Insurance Cover?

Term life insurance is life insurance on an individual person that pays out a death benefit to the beneficiary if the insured person dies from an accident or natural causes.

The "Excluded" causes of death are stated in the life insurance policy. For example, suicide is excluded if it happens within 2 years of purchasing the policy (one year in some states).

Upon purchasing the life insurance policy the owner of the policy (which may be the insured) chooses a beneficiary or beneficiaries who would receive the death benefit proceeds from the life insurance policy upon the death of the insured.

In a term life insurance plan you select the "term" which is the duration of your life insurance coverage. Term policies may last for a term of 10, 15, 20 or 30 years.

If the insured person dies during the term while the life insurance coverage is "In Force", the death benefit is paid out.

If the insured person outlives the term of the term life insurance policy, there is no death benefit paid on the policy.

Learn more about term life insurance coverage and how it works.

Online Quotes for Term Life Insurance

Where can you get an online term life quote comparison?

Actually, just about any life insurance website offers access to free quotes on term life insurance.

You just fill out the quote request form and instantly receive the best prices on term life insurance form a network of highly-rated life insurance carriers.

The quotes are free and there's no need to meet with an agent or deal with any high-pressure sales pitch.

And, if you like the quotes you can request an application for life insurance coverage, or request more information and get assistance in purchasing your life insurance policy.

Here's how you can learn more about getting online quotes for term life insurance and compare the most affordable plans in just a few minutes.

How Does Level Term Insurance Work?

A level term insurance policy is life insurance with level premiums each year fir the entire duration of your coverage.

With level term you choose a "term" (duration) for your life insurance. Most insurers offer term life coverage for a term of 10, 15, 20 or 30 years. The longer your term, the higher your annual cost of life insurance.

In addition, the amount of life insurance provided by your policy remains level for the entire duration of your term.

Level term offers the most affordable life insurance protection for a period of 30 years or less.

Learn more about how a level term insurance policy works.

How to get Term Insurance with No Physical?

Is it possible to purchase a term life insurance policy without having to take any physical examination?

Yes, in fact, you may even be able to start your life insurance coverage as soon as today, if you qualify.

Some carriers offer up to $400,000 or more of no exam coverage, but one insurer rated A++ for financial strength offers up to $1,000,000 of affordable term life insurance without an exam for qualified applicants.

How do you qualify? You apply for a policy online (safe and secure) and find out in as little as 8 seconds if you qualify based on your answers to the health questions in the application.

Here's how to learn more about term insurance no physical required and request your free price quote.

Life Insurance for Parent?

Is it possible for an adult child to purchase a life insurance policy on his parent or both parents?

Yes, since adult children have an insurable interest in their parents, they may purchase life insurance on their parents.

Many people buy life insurance o their parent(s) to make sure there are funds available to pay for their parent's final expenses, including the cost of a funeral, burial and memorial service.

Today, the average cost of a funeral and related expenses may exceed $7,000.

There are even "guaranteed issue" life insurance plans available for seniors which means your parent cannot be turned down due to any health problems.

Here's how to get life insurance for your parent.

What are Term Life Insurance Ratings?

Ratings on a term life insurance company are an indication of that insurer's ability to meet their financial obligations, including paying their claims in a timely manner.

In addition, the rating issued by an independent financial rating agency is an indication of the insurer's financial strength.

Some of the leading rating agencies that review the financials of insurers to develop a rating include A.M. Best, Moody's and Standard & Poor's, among others.

When selecting your term life insurance carrier make sure to consider and review the financial rating of the carrier, because you want to make sure the insurer will be around to pay any claim on your life insurance policy when the time comes.

Learn more about term life insurance company ratings.

Term Life Insurance Pricing?

How do insurance carriers determine your pricing for a term life insurance policy?

The price you pay for term life insurance will depend on your gender age and health.

The amount of life insurance and the duration of your coverage (term) will also affect your cost of term insurance.

In addition, your personal risk factors are considered, including your lifestyle, tobacco use, driving record, hobbies, occupation, height-to-weight ratio, among other things.

The insurer uses this information to decide if they will accept you for coverage and how much you will pay based in part on your life expectancy and the duration of your term life policy.

Learn more about term life insurance pricing and how it works.

What is Dependent Life Insurance?

Dependent life insurance coverage is life insurance you take out on your dependents, which may include your spouse and children.

Many employers offer group term life insurance policies which allow the employee to be covered and add coverage for their dependents.

Or, you could purchase your own life insurance policy and add your family members onto your policy by use of a rider to add their coverage.

Another option is to buy individual life insurance policies on each of your dependents.

Learn more about life insurance for your dependents.

What is a Senior Final Expense Program?

Senior final expense is a type of life insurance plan that provides coverage on a senior citizen to cover the cost of his or her final expenses, including funeral and burial costs.

Usually, final expense plans offer a limited amount of life insurance up to $25,000. There's no physical examination required and you may not have to answer any questions about your health.

Some plans are guarantee issue which means you cannot be turned down for a policy based on your health.

There are some insurers that offer guaranteed approval for seniors age 45 to 85.

Learn more about how to get a senior final expense program.

How to get Online Mortgage Life Insurance Protection?

Can I buy a mortgage life insurance plan on the internet?

Yes, there are insurers that offer life insurance protection for your mortgage online.

In fact, one A++ rated life insurance company offers homeowners up to $1,000,000 of affordable mortgage life insurance protection. You can apply online and start your coverage today, if you qualify.

You can apply online for your plan in about 15-20 minutes. And, find out if you qualify for coverage in as little as 10 seconds after completing the online application.

Here's how to get online mortgage life insurance protection.

Non-Medical Insurance?

Non-medical insurance is life insurance issued without requiring the applicant to submit to a regular medical examination.

In passing on the risk, the insurance company relies on the applicant’s own answers to health questions regarding his or her physical condition, and on personal references and inspection reports.

Because of the limited underwriting of the applicant, this type of life insurance policy usually has higher premiums than fully underwritten life insurance policies.

Here's how to learn more about non-medical insurance.