40 Year Term Life Insurance

What is 40 year term insurance?

It's a type of life insurance policy that provides temporary coverage lasting for a duration of forty years.

Usually, the premiums remain level for the life of the policy, and the amount of life insurance provided never decreases.

If the insured passes away during the forty year term, the death benefit is paid out to the beneficiary of the policy.

If the insured is alive when the forty year term expires, the life insurance coverage ends with no payout.

Learn more about 40 year term life insurance policies.

 

 

35 year Term Life Insurance

What is 35 year term life insurance?

It's a type of temporary life insurance policy that provides coverage for a period of thirty five years. The premiums remain the same each year, and the amount of life insurance never decreases.

Can I buy a 35 year term life insurance policy?

It depends on your age and your health, if you qualify for coverage. However, if you are healthy and age 50 or under, you may be able to qualify for a 35 year term life insurance policy.

 

Who Does Life Insurance Money Go To?

The proceeds from a life insurance policy, also known as, the death benefits, are paid out to the beneficiary or beneficiaries of a life insurance policy upon the death of the insured person.

The beneficiary contacts the insurance company after the insured has died, to make a claim for the death benefit from the policy.

The insurer will mail the forms to the beneficiary that need to be completed in order to make the claim for the death benefits.

Learn more about who life insurance money goes to.

Term Life insurance Features and Benefits

Term life insurance is a type of life insurance policy that provides you with temporary coverage lasting for a set number of years.

Here are some of the most common features and benefits of a term life insurance policy:

1. You may be able to choose a policy term lasting for a duration of 10, 15, 20, 25 or 30 years.

2. Level term life provides you with a coverage amount that never decreases during the life of your coverage term.

3. Level term life provides you with premiums that never increase during the life of your coverage term.

4. You may outlive the duration of your policy term.

5. Term life provides death benefit coverage only, there is no cash value and no investment feature.

6. You may have the option to renew your coverage for another policy term when your original term expires. You do not have to take a medical exam to provide insurability in order to renew your coverage.

7. You may have the option to convert your temporary (term) life insurance into a permanent life insurance policy.

8. If you outlive the duration of your term life policy term, there is no payout of any benefits.

These are some of the common features and benefits of a term life insurance policy.

 

Choosing a Term Life insurance Policy

What should I consider when buying a term life insurance policy?

There are several key considerations before selecting your term life plan.

You'll want to make sure you take into consideration several factors:

1. How much life insurance do you need?

2. What type of term life insurance policy will be best meet your needs?

3. What is your monthly budget you can allocate toward paying for your life insurance premiums?

4. Do you need convertible term life insurance?

5. Do you need term life that is renewable?

6. Do you need any additional coverage for your spouse and/or children?

7. How long do you need your term life insurance coverage to last to accomplish your goals?

These are just some of the more important questions to consider before buying a term life insurance policy.

Whole Life Insurance with Guaranteed Acceptance

What is a whole life policy with guaranteed acceptance?

It's a type of permanent life insurance plan that provides lifetime protection, a death benefit, and builds cash value.

In addition, it guarantees your approval for coverage if you meet the age requirement for acceptance. Get a free quote.

You will not have to take any health exam or answer any questions about your health.

However, the maximum amount of coverage available may be limited to around $25,000 per policy.

Learn how to buy whole life insurance with guaranteed approval.

Guaranteed Acceptance Final Expense Insurance

What is final expense insurance with guaranteed acceptance?

It's a permanent life insurance policy that guarantees your approval for coverage.

It usually provides a small amount of life insurance, up to $25,000 or less.

A death benefit is paid out upon the death of the insured person.

The proceeds may be used to pay for the final expenses of the insured person.

The applicant for coverage will not have to take a medical examination or answer any questions about his/her health.

Learn more about guaranteed acceptance final expense insurance plans.

What is the Maximum Amount of Guaranteed Issue Life Insurance?

The largest amount of life insurance you may purchase from any one insurer with guaranteed approval is usually around $25,000.

Guaranteed issue life insurance plans are permanent life insurance policies with lifetime coverage, providing a death benefit, and they may build some cash value inside the policy.

Guaranteed Issue basically means you cannot be turned down for coverage, if you meet the age requirement for approval. Get a free quote.

With guaranteed life insurance you will not have to take a health exam or answer any questions about your health.

If needed, you may be able to buy a guaranteed issue life insurance policy from more than one insurance carrier.