The Term Life Insurance Rates Privacy Policy | Contact |

The Term Life Insurance Rates

BBBOnLine Reliability Seal

Home - Life Insurance - Knowing Life Insurance Basics - The Term Life Insurance Rates

Find Local Doctors & Health Plans : Enter ZIP Code...

Your ZIP Code

Types of Health Plan

Your E-mail ID

[Optional and Compliant to Federal Laws]

The Term Life Insurance Rates

The Term Life Insurance Rates

Term life insurance is among the most affordable of all life insurance available. The premiums for term life insurance is considerable lower compared to permanent life insurance. The cost of any policy depends upon many factors that include health, lifestyle and age. In addition, the lower premium for term life insurance is because the premiums are paid only for life insurance and no amount is invested to build cash value.

Classification and coverage in term life insurance

The life insurance companies determine in which category you belong after considering your age, health condition, medical history and whether you are a smoker or not. It then calculates the cost of premium according to the category, those having health problems and those who are smokers are taken to be in the “risk category”. These “high risk” people have to pay higher premiums compared to healthier people.

Your coverage amount for your policy is also responsible for evaluating the life insurance rates and when it comes to term policy, the length of the term is also a factor. Other important considerations include the age and health. An example given on the Personal Finance website of Kiplinger provides a good illustration of policy pricing:

For a 28 year old woman in good health, a $500,000 policy for 20 years will cost $260 every year that comes to $22 every month. Another example on the estimated rate that could be expected for a term life insurance policy is given by Investopedia.com. It states that a healthy person of 35 years and a non-smoker can normally obtain a 20 year premium policy with a face value of $250,000 for a premium between $20 and $30 every month.

Doing research work on term life insurance

A good way to begin your search on term life insurance is to do your own research thoroughly on the different rates available on the policies from the insurance companies. Make comparisons among the different rates of companies and finally arrive at your decision.

The Term Life Insurance Rates CLICK HERE FOR INSTANT FREE LIFE INSURANCE QUOTES


Home     Contact Us     Privacy Policy     Our Edge     Disclaimer     Site Map     More Resources

Copyright 2003-2021 QuickHealthInsurance.com Group, Inc. [Protected under U.S. Copyright TX5-874-987 & Several Pending Patents]

Page copy protected against web site content infringement by Copyscape.