Low Cost Term Life Insurance
We all want to buy low cost term life insurance.
It is just the wise
thing to do.
I was recently having a casual conversation with one of my
neighbors about life insurance.
I was quite surprised to see the amount of
premium he was paying for term insurance. It was simply too much.
Shop And Compare Quality Life Insurance Premium Quotes From Carriers Rated A Or Better By A.M. Best.
Save Up To 70%
Find Low Cost Term Life Insurance
I did some research for him and found the exact type of policy that he
had for about half of the premium he was paying. This policy was from
one of the better known life insurance giants...a company over 100 years
You can find low cost term life
insurance from a reputable life insurance company if you take the time
to do the research. Look for the carriers that are rated A+ or better by
the A.M Best company. A.M. Best does the research, that is their function.
The most popular term life insurance policies
are the 10 year term policy, the 15 year term policy, the 20 year term
policy, the 25 year term policy and the 30 year term policy.
Let us take
a look at each and see how you could benefit from one or more of these
low cost term life insurance policies.
- 10 Year Term Life Insurance
10 year term has a very low premium cost per $1000 of death
benefit. If you need a policy to protect your loved ones for a short
period of time then this may be the right policy for you.
Let us say
your youngest child is 15 years old and you expect that this child will
graduate college by age 25 all you need to do is to calculate the amount
of income you will need each month for the next 10 years and buy a
policy sufficient to provide this income.
The death benefit remains
level for the entire 10 year period. It never decreases.
- 15 Year Term Life Insurance
The 15 year term policy can also be considered a low cost term
life insurance policy. It is usually used in a similar manner to the 10
year term but for a longer period.
If your youngest child is age 10
then you would need a 15 year term policy to do the job of protecting
your dependent children. The death benefit remains level for the
duration and so does the premium.
- 20 Year Term Life Insurance
Let us take a little time to look at the way to use the 20
year term policy. As it is a term policy the premiums are quite low.
This policy is probably the most exciting of all term policies.
reason is because it is usually bought at an exciting time in your life.
You just got married or are about to. You logical thing to do is to buy
a 20 year term policy to protect your adorable spouse in the event of
You and your spouse have an addition to the family so you each buy a 20 year term policy to protect your newborn child.
You start a business, whether it be a sole proprietorship, a
partnership, or a corporation you know you need to buy some life
This policy has a level death benefit as well as a level premium for the duration.
- 25 year term life insurance
You may say 25 years is too far to look ahead. Well, let us
look at the first situation we discussed. You expect your children to
graduate college by age 25.
If you are newlywed you likely don't have
any children as yet or if you have a new addition to the family the 25
year term policy will work just fine for you. Premiums are level and so
is the death benefit.
- 30 Year Term Life Insurance
The 30 year term policy is for people who look even further
ahead. This is a low cost life insurance policy that can protect your
family right up until you retire and get a pension, that is if you are
age 35 or older at the time of purchase. This policy works just like the
When in the market for low cost term life insurance you should keep in
mind that the longer the duration of the term policy the higher the
cost. The 10 year policy will cost less in premiums than the 15 year
term and so on.
Compare Low Cost Life Insurance Rates From Hundreds Of Carriers Rated A+ Or Better By A.M. Best And Save.
Click here for low cost rates.
Life Insurance Articles
Low Cost Term Life Insurance Explained - The Most Used Low Cost Term Policies