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Female, 51 years old, non-smoker, no serious health pre-conditions, Term 10 life insurance policy for $200,000 coverage
Best quote:
Standard rate:
$28.17 per month
Preferred rate:
$28.17 per month
Preferred Plus rate:
$27.18 per month
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Male, 44 years old, non-smoker, no serious health pre-conditions, Term 10 life insurance policy for $200,000
Best quote:
Standard rate:
$22.05 per month
Preferred rate:
$22.05 per month
Preferred Plus rate:
$22.05 per month
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Female, 35 years old, non-smoker, no serious health pre-conditions, Term 20 life insurance policy for $500,000
Best quote:
Standard rate:
$17.37 per month
Preferred rate:
$16.97 per month
Preferred Plus rate:
$14.31 per month
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Numeorus factors such as e.g. your health and fitness condition, your habits, your family history, etc. allow insurance companies to determine what rate you can qualify for. STANDARD RATES are the rates that 80% of people end up paying. PREFERRED RATES are lower rates and about 20% of people qualify for them. PREFERRED PLUS RATES are the best rates and about 10% of people qualify for them.
A term life insurance policy covers a policyholder for a pre-defined period of time, such as 10 or 20 years (Term 10, Term 20).
It is a simple, pure insurance product without a cash accumulation or savings component.
Term insurance works in the most straight-forward way: if the policyholder dies during the term, their beneficiaries get the coverage amount.
Interested in term life insurance or have questions? Please complete the form above.
Term life insurance covers a policyholder for a limited period of time (with the exception of Term 100, which is actually a form of permanent insurance). Term insurance is optimal when:
Interested in term life insurance or have questions? Please complete the form above.
Here is a brief comparison of how term life insurance compares to whole life insurance and universal life insurance.
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| Term Life Insurance | Whole Life Insurance | Universal Life Insurance | |
|---|---|---|---|
| Coverage length | Limited (e.g. Term 10 – coverage for 10 years) | Life long | Life long |
| Insurance coverage | Yes | Yes | Yes |
| Cash accumulation | No | Yes | Yes |
| Can choose amounts going into insurance and cash accumulation | No | No | Yes |
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Interested in term life insurance or have questions? Please complete the form above.
Term premiums are typically lower than universal life or whole life insurance premiums. Your term life insurance premiums stay the same for the entire term of the policy (e.g. for 10 years if you purchased a Term 10 policy) but will increase once your policy expires and you get a new one.
That is different from whole life insurance premiums, which will be higher at the beginning but will stay the same over the course of your life.
Interested in term life insurance or have questions? Please complete the form above.
