shopify analytics ecommerce
tracking

Term Life Insurance Rate Comparison

You need to do a term life insurance rate comparison in order to come to a decision as to what is the best term life insurance rate for yourself and your family.

You should do some research on life insurance companies also. Most life insurance companies are solid companies, but you should look out for the bad ones, though they are few, and make sure you avoid them.

You can find out the rating of any life insurance company here:

The A M Best Company

Do A Term Life Insurance Rate Comparison


Don't pay too much for life insurance! Shop and compare Quality Quotes from Quality Carriers first. Just answer a few quick questions then get your Quotes. The process is Easy and FREE. Click Here For Free Quotes


Now to the business at hand...do a term life insurance rate comparison for you and for your particular need. Let us use a hypothetical case as an example. You have done some research and you have decided how much life insurance you need. You believe that $150,000 should do the job for you. You must decide which is the best rate for you.

  • The least expensive life insurance policy is the Yearly Renewable Term Life Insurance policy. You start out with a level death benefit and the lowest premium you can pay for your $150,000 of life insurance, but the premium increases every year.

    After just a few years the premium becomes more than that of a 10 Year Term or a 20 Year Term. If you are short of cash and you intend to just keep the policy for one or two years and then convert to another plan this Yearly Renewable Term plan will do fine.
  • If you did a term life insurance rate comparison between your yearly renewable term life insurance policy and a 5 Year Level Term policy you might decide that the 5 year term is the better deal, and here is why.

    You get $150.000 life insurance that remains level for the duration and the premium never increases. The actual premium outlay is not much more than the yearly renewable term in the first year. It would seem to me that the 5 year level term would be the best deal.
  • Next up the line in terms of cost is the 10 year Level Term policy. This plan has a level face amount for the duration; the entire 10 years. The premiums also remain level for the life of the policy. Your cash payment for this policy will be even more than the five year term.

    Notice that the longer the time that the policy is allowed to last the more the cost. This is because the odds are greater that you will die within 10 years than 5 years.
  • Next there is the very popular, and one of my personal favorites, 20 Year Term Life Insurance policy. A term life insurance rate comparison will disclose many variations of this policy. The death benefit remains level for the entire 20 year period in all cases, regardless of which company is offering the policy.

    In some cases the premiums also remain level for the duration, however, some companies have an automatic premium increase after 10 years. Other life insurance companies will leave the premium level after 10 years but you must again prove that you are insurable after 10 years.

These are some of the best options open to you when buying your $150,000 term life insurance policy. I sincerely hope that the above description of term life insurance rate comparison will be of assistance to you.


Can you think of anything more important than your Family's Security? What would happen to Your Family if you died? Would they be provided for? Compare Quality Life Insurance Quotes from Quality Carriers and Save. Click Here To Learn More


Home Cheap Life Insurance Term Life Insurance Rate Comparison Affordable Life Insurance Rate Best Term Life Insurance Quote Life Insurance For Small Business Free Term Life Insurance Quotes Affordable Life Insurance Annual Renewable Term Life Insurance Annuities Beneficiaries Beneficiaries Of Unclaimed Life Insurance Best Life Insurance Quote Best Term Life Insurance Quote Burial Insurance Business Life Insurance Buy-Sell Agreements Buying Life Insurance C Corporations Cash Values Cashing A Life Insurance Policy Charitable Giving Cheap Life Insurance Cheap Mortgage Life Insurance Cheap Term Life Insurance Cheapest Life Insurance Compare Term Life Insurance Quotes Decreasing Term Life Insurance Decreasing Term Life Insurance Quotes Deferred Annuities Define Term Life Insurance Definition Of A Universal Life Policy Definition Of Term Life Insurance Direct Life Insurance Disability Insurance

Tools And Resources

Life Insurance Need Calculator

Recent Articles

  1. Term Life Insurance - Everything You Want To Know

    Term life insurance is life insurance in it's simplest form. These policies stay in force for a specific number of years, for example, 5 years 10 years etc.

    Read More

  2. Whole Life Insurance Options - Basic And Alternative Whole Life Plans Explained

    Whole life insurance is the plan of choice for many people. There are many variations to this plan.

    Read More

  3. Universal Life - Extending The Possibilities

    Universal life insurance was designed with the express intention of combatting the venerable whole life insurance policy.

    Read More

  4. Term Insurance Quotes - Prepare Before You Get Quotes

    Are you looking for quality term insurance quotes? Have you determined how much you need? Do you know what type of term insurance is best for you?

    Read More

  5. Term Insurance Online - Buy Term Life Insurance Online

    In many cases it is a good idea to buy term insurance online. Some people know just how much life insurance they want to buy before they get online.

    Read More