Our goal at TermLife360.com is to provide consumers with low cost term life insurance. With access to over 50 of the nation’s top rated life insurance companies, we’re able to offer the best and cheapest term life insurance rates available on the market.
One of the most common reasons that people don’t buy life insurance is because they think that it’s too expensive. This could be one of the most common misconceptions about life insurance that’s still floating around. Not having life insurance is one of the worst mistakes that you could make for your loved ones.
If you came here looking for low cost term life insurance quotes, you can fill out the quote request form on the side of the page or call us at the number on top of your screen.
Take 3 minutes to this full article and you’ll know more than 99% of consumers searching for low cost term life insurance and arm yourself with the knowledge to get the most affordable life insurance for your needs.
Life insurance is one of the best investments that you’ll ever make for the future security of your loved ones. If something tragic were to happen to you, your loved ones would be left with all of your debts and other final expenses. All of those bills can easily add up to hundreds of thousands of dollars. Losing a loved one is never easy, but being put in a hole of debt is going to make the situation a thousand time worse. Your life insurance plan will give your loved ones the money that they need to pay off all of those bills.
Securing Low Cost Term Life Insurance
First of all, you should know that term life insurance is less expensive than permanent life insurance (whole life and universal life). It’s the most affordable life insurance that you can purchase. If low cost life insurance is your ultimate concern, term life insurance will be your best bet.
Term life insurance is also the easiest to understand. Your payments are guaranteed level for the specified term length (usually 10, 15, 20, 25 or 30 years) and your death benefit is also guaranteed level and will never go down. As long as you make your premium payments, the life insurance stays in force until the end of the term length. If, god forbid, something happens to you while your policy is in force, then your beneficiary receives the face value of the policy. It’s as simple as that.
The great thing about finding low cost term life insurance is life insurance companies are forced to compete for your business which creates a situation that makes cheap life insurance rates easy to find. This puts the consumer in control to find the best and most affordable life insurance rate. At termlife360.com, we compare all these companies side by side and provide you with the most affordable life insurance rates available. Like below:
In the example above, SBLI has the lowest rate, but that doesn’t mean they have the best prices for everyone. Each person will be different. Also, it doesn’t matter what company has the best rates, we’ll always recommend the lowest cost term life insurance company available from some of the best life insurance companies on the market.
Calculating Your Life Insurance Needs
Before you apply for a cheap term life insurance plan, it’s vital that you calculate what your life insurance needs are. Not having enough life insurance coverage could leave your family with a massive amount of debt, which is the worst thing that you could do. When you’re looking to get life insurance coverage, there are different categories that you should account for to ensure that your family has the money that they need.
The first number that you should look at is your debts and other final expenses that your family would be left with after you pass away. The first goal of your policy is to give your family the money that they need to pay off your mortgage, car payments, student loans, and any other major debts. This number is the minimum amount of life insurance that you should buy.
The next factor that you should consider is your paycheck. If you’re one of the main income earners for your household, then your family would struggle without your salary to support them. The next goal of your life insurance coverage is to give your family the money that they need to replace your income without having to struggle financially. Your life insurance coverage will give them the money that they need to pay for their needs without sacrificing their standard of living.
These are only two of the main categories that you’ll need to account for when shopping for life insurance coverage. If you have any problems calculating your life insurance needs, our agents can help you decide how much coverage your family is going to need.
The key in securing low cost term life insurance is to find the life insurance company that looks most favorably at YOUR health and lifestyle
No Medical Exam Life Insurance Policies
Another option for coverage is to buy a no medical exam life insurance policy. As you can imagine from the name, these plans are going to give you insurance coverage without being required to take the medical exam. These plans are a great option for anyone that’s looking to get coverage, but has been declined in the past because of their health or any pre-existing conditions. There are several advantages and disadvantages to these policies that you should take note of when you’re getting insurance coverage.
The biggest advantage is that the acceptance for these plans is much more lenient, which means that applicants with less than perfect health can still get insurance coverage. Everyone deserves to have the life insurance coverage that their family needs, and your health shouldn’t prevent you from getting it.
Another advantage is that you can be approved for life insurance coverage much quicker than with a traditional plan. With these no medical exam policies, you’ll be able to get life insurance protection in a matter of days versus the month that it could take with a traditional plan.
One of the disadvantages to these plans is that these plans are going to be more expensive than a traditional plan. With a no medical exam, you’re going to be required to pay much higher premiums for your life insurance coverage.
Another disadvantage to these plans is that you’ll be limited on the amount of life insurance that you can buy through a no medical exam policy. Most insurance companies will only let you buy around $250,000 worth of coverage. For most families, this won’t be enough protection. If you need more than that, you’ll need to buy two policies or apply for a traditional plan.
Getting Lower Insurance Premiums For Term Life Insurance Coverage
Term insurance plans are going to be the most affordable life insurance coverage that you can buy. Life insurance can be surprisingly cheap, and there are several ways that you can secure even lower premiums from the insurance company.
The first thing that you should consider doing to save money is cut out any tobacco of your life. If you use chewing tobacco or you’re a smoker, you’re going to be facing much higher premiums for your life insurance protection. In fact, life insurance is going to cost you twice as much for life insurance coverage versus what a non-smoker is going to pay for the same amount of life insurance. If you want to trim down your life insurance premiums, kicking the bad habit once and for all is a great way to do that.
The next thing that you should do is stick to a healthy diet and going to the gym regularly. Both of these can help you lose weight, lower your cholesterol, lower your blood pressure, and reduce your risk of being diagnosed with any health complications. Hitting the gym and making healthier food choices is a great way to improve your overall health and save you money every month. It’s time to lace up those running shoes.
Every life insurance company will look at your risk differently. There’s no way for any consumer to find the most affordable life insurance rates without the help of an experienced agent who knows the underwriting guidelines of all the top rated life insurance companies. That’s exactly what we do for our clients – we assess their risk and find the companies that will offer the best cheap life insurance rates and recommend the lowest cost option.
Working with TermLife360
Bottom line. At TermLife360.com we are dedicated to helping you find low cost term life insurance. If you have any questions or would like a no obligation life insurance quote, please don’t hesitate to contact us. Remember, as an independent life insurance agency, we work on behalf of YOU to find a cheap life insurance rate and not for any life insurance company. We’ll provide you with the most affordable life insurance rates on the market.
As independent insurance brokers, we work with dozens of highly rated companies across the nation, which means that we can bring all of the best insurance rates directly to you. Finding the perfect company for your situation could be the difference in finding an affordable life insurance plan or paying hundreds of extra dollars for your insurance coverage. Instead of wasting your time calling dozens of companies yourself, let one of our independent insurance agents do all of the work for you.
Because you never know what’s going to happen tomorrow, you shouldn’t wait any longer to get the insurance protection that your family deserves. We know that buying life insurance isn’t a fun process, but we are here to make it as quick and simple as possible. If you have any questions about getting cheap term life insurance coverage, please contact us today. Our agents would be happy to answer those questions and ensure that you’re getting the best plan possible.
We work on behalf of YOU and not any specific life insurance company. Having access to the most competitive life insurance carriers on the market puts us in position to offer the best rates for any risk.
Our independence comes especially handy when working with individuals with health issues. You see, every life insurance company looks at your risk differently. We take your risk and use our knowledge and resources to find the company that will offer you best rates. Something most agencies don’t do, especially the big call centers you see on TV and hear on the radio.