What is a good company to get term life insurance. How much should we expect to pay?

Share and Enjoy:
  • Digg
  • Sphinn
  • del.icio.us
  • Facebook
  • Mixx
  • Google Bookmarks
  • Reddit
  • StumbleUpon
  • Tipd
  • TwitThis
  • E-mail this story to a friend!
This entry was posted on Saturday, February 14th, 2009 at 8:41 PM and is filed under Term Life Insurance Companies. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

6 Responses to “What is a good company to get term life insurance. How much should we expect to pay?”

  1. Bradley S Says:

    The best company is the one that offers the best coverage at the best cost, based on your needs. What you pay will depend on a variety of factors, including your age, health, and profession. To find the best fit for you, try contacting an independent insurance broker. A broker works with several companies and can find the best value based on your requirements. To find a broker in your area, log on to a website like http://www.lifeinsurancewiz.com and fill out a form requesting a free quote. Your information will be sent to a broker in your area who will contact you.

  2. newjerseyguy Says:

    Too many variables: age, health, coverage amount and length of term are the keys.

  3. abefrenzy Says:

    Give a call a your local state farm agent. See what your options are. And yes, age, weight, health all play a part of what you end up paying.

  4. Chwalek Says:

    For a decent idea, go to http://www.quotesmith.com. Once you have a good idea of what's out there, call a local independent insurance broker to help with the process. It won't cost more and he will know more about each company's underwriting that you can find by looking online.

  5. Hadley Says:

    There are many good companies for life insurance.

    Here is a list of top companies:

    The Top 10 Life Insurance Companies - Revenues, 2006
    and Financial Strength Ratings by A.M. Best Company

    MetLife – rated A+, Superior
    Prudential Financial – rated A+, Superior
    New York Life Insurance – rated A++, Superior
    TIAA-CREF – rated A++ , Superior
    Massachusetts Mutual Life Insurance – A++, Superior
    Northwestern Mutual – rated A++, Superior
    AFLAC – A+, Superior
    Genworth Financial – A+, Superior
    Unum Group – A-, Excellent
    Principal Financial – A+, Superior

    The amount you should expect to pay will depend on several variables, including type of lfie isnurance, your age, gender, occupation, hobbies, health, family health history, amount of coverage, etc.

    One way to find some good quotes is to compare free, no obligation life insurance quotes online.

    You can go to efinancial https://www.efinancial.com/smartquoteefc.aspx?source=389-707 and fill out one form to get up to 12 instant quotes for term life insurance from top-rated insurers.

    The reason you want to compare several quotes is because rates may vary by up to 50% or more between insurers. So you may save some money by comparing quotes.

    Term life insurance is usually the least expensive life insurance, especially if you're under 50 or have a family and need the most coverage at the lowest rates.

    Here's how term life insurance works:

    Term life insurance lasts for a specific number of years, usually 10, 15, 20 or 30 years. The most common terms are 10 years or 20 years.

    Term life insurance policies pay the beneficiary the face amount of the life insurance policy if the insured person dies during the term of the policy. For example, a 15-year term life policy with a face amount of $250,000 would pay $250,000 to the beneficiary if the insured died any time during those 15 years.

    Usually, term life insurance costs less than permanent life insurance.

    At the end of the policy term, the insured is no longer insured, and a death benefit is no longer paid. Some term life insurance policies are renewable, or can be converted to permanent life insurance.

    Term Life Insurance Has Three Standard Features:

    Level
    Usually, the annual premium for the policy paid by the insured stays the same each year. The face amount of the policy also stays the same. Level term life insurance policies can usually last up to 30 years.

    Convertible
    Before the end of the term for the policy, the life insurance policy owner may be able to convert the term life insurance into a permanent life insurance policy. The owner usually has a specific number of years during the term life insurance policy to convert the policy. The premiums usually increase for the permanent life insurance.

    Renewable
    Term life insurance policies that are renewable offer the owner the option of renewing the life insurance policy at the end of the policy term, up to a specific age limit (usually age 65 or 70).

    For example, a 15 year policy may be renewed for another 15 years. If the policy is renewed, a medical exam may be required. The term life insurance premium will usually increase when the policy is renewed.

    I hope that helps! Best of luck to you.

  6. smallinvestorpower Says:

    Go to insure.com or quotesmith.com to get the best rates.
    Look for companies with rating of BBB or better.
    Shop around, term life is easy to compare.
    There is no cash value or investment to consider.
    Just pick the cheapest with a good rating.
    Make sure you are comparing a guarantee level premium policy to a guarantee level premium policy.
    Compare apples to apples, not apples to oranges.
    Look at all the numbers, make sure there is no unexpected adjustments later on.

    Email me with your question if you don't understand or can't figure it out.

Leave a Reply