Frequently Asked Questions about Term Life Insurance

Here are the answers to the most commonly asked questions about term life insurance.

How do I get a term life insurance quote online?

You can get a term life insurance quote online for free by clicking "apply now" and filling out our short, online application. We will only ask you for some basic information, so you should be able to complete the application in just a few minutes. Once we receive your application, we will supply you with at least four free quotes on term life insurance from various insurers. You will see these quotes side-by-side to help you compare. You can do all of your comparison shopping with one application.

What is term life insurance?

Term life insurance is short-term insurance protection that does not accumulate cash value over time. If you die while the policy is in force, your beneficiaries will receive a death benefit. If you are still alive after the policy expires, your coverage will cease unless you renew the policy. When you get a term life insurance quote online, you will see most policies come with terms of 10, 20, or 30 years.

Is term life insurance expensive?

Term life insurance is generally the least complicated and most affordable type of life insurance. You can get a term life insurance quote online for a large amount of protection for a relatively small cost. Term life is ideal for those who need a lot of insurance protection but have a limited budget.

What is the different between term life and permanent life?

Term life is limited coverage that does not accrue cash value, and the premiums on the policy will increase as you age. Permanent life insurance provides a lifetime of protection, accumulates cash value, and has premiums that will never change. Permanent life is generally more expensive initially but will save you money in the long-run because of stable premiums. Term life insurance is cheaper initially but may become unaffordable as you age.

Who will actually issue my policy?

When you get a term life insurance quote online on our site, you will receive quotes from at least four different companies in our insurer network. Which companies supply your quotes will depend on your location, coverage needs, and preferences. Most of the major life insurers participate in our network, including AIG, Prudential, MetLife, and New York Life.

If my needs change, can I switch to another kind of policy?

If you get a term life insurance quote online and buy a term life policy, most insurers give you what is called a conversion option. This means that you will have the option to convert your term life policy into a permanent life policy at any time without evidence of insurability.

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