Looking for life insurance?
Compare Life Insurance
Quotes and Rates!
Life Insurance Group > Life insurance 101 > Term life insurance » 5 reasons to choose a term life insurance policy...

5 reasons to choose a term life insurance policy

Monday, May 5th, 2014

Many people are afraid of dying and they even do not want to think about it. Because of the desire to leave something behind them, they are choosing to make some kind of leverage for the loved ones by making an insurance policy. No matter how much we don’t want to think about it, we are not immortal creatures and sooner or later that day will come.

Making an insurance policy can be a smart move if you make the right decision and choose the right thing for you. Here are a couple of reasons why your decision should be term life insurance:

  1. Much cheaper than the permanent insurance policy.
  2. Flexible time period starting from one year; longer the period the bigger the premium.
  3. Possibility for renewal.
  4. Premium return payment after the time period ends depending on the form.
  5. It provides more premium dollar coverage if it is made in a short time period.

The term life insurance policy is much cheaper  than the permanent  insurance policy and it can even provide more premium dollar coverage if it is made up to 10 years.  That’s because of the short time period and the highest possibility of not making a payment to the client. This option is available with an assumption that the client will have no health issues.

The shortest period that this policy can be made for is 1 year and usually, the insurance company must check your insurability when choosing this option. In fact, this is a very rare case, because the casual term policy is from 10 to 30 years.

Possibility for renewal is an option form with the level term life insurance policy, which is offering a benefit of prolonging the insured period and it includes the time value of the money which lays on the interest rate and the inflation rate.

Choosing this type of insurance policy is definitely the right one if you opt to make one in the first place. With some special forms of this policy, we are even making a money investment which can be later premium returned. Leaving money to your loved ones will not reduce the pain, but it may help them pay off the debts, treatment in case of invalidity and all postmortem expenses.


November 5th, 2014

A Highlight on Term Life Insurance You Need To Be Aware of

Are you looking to buy life insurance coverage but do not have enough money to do so? Do you want to get maximum coverage at affordable price? Or you are searching for life coverage that can cover specific financial responsibilities such as your Children College or mortgage? If your answer to these questions is yes, then what you simply need is to purchase term life insurance. Really, unlike the permanent life insurance that is expensive and usually lasts throughout the lifetime of the insurer, the term life insurance is made to expire within a specific period of time. Also, it is cheaper and more affordable when compared with the whole life insurance.

October 9th, 2014

Facts about Term Life Insurance You Need To Know

Are you searching for the best insurance coverage? Do you want to leverage insurance policy but confused about the right one to leverage? Have you heard of term life coverage but do not know what you will stand to gain? If these are your worries and questions, then you have come to the right place as this article is about to intimate you on some facts about term insurance coverage you need to know. The term life insurance is a policy made with stipulated period for its coverage and expiration. If this type of insurance expires the policy holder will decide whether to renew it and continue enjoying the coverage or to stop it.

September 4th, 2014

What makes term life insurance so popular?

Term life insurance is very popular since it provides good coverage to your family or people dependent on you in case of your premature death. They are also relatively cheap and can be customized to suit all your needs, and also can contain additional clauses to provide extra coverage for your family members. The main goal is to provide financial security in case of your premature death.

© 2023 LifeInsuranceGroup.com
Life Insurance Quotes for All Occasions. All Rights Reserved.