Get a Term Life Insurance Quote from an Agent who can broker!

Term Life Insurance features:

• Coverage for a specific "term" of time: options are 5 year, 10 year, 15 year, 20 year, 25 year, or even 30 year term

• Does not build cash value, but is a cheap way to cover your life for a short period of time (like during the time you owe on a mortgage or during other important times when your income is critical)

• Convertible to Universal Life or Whole Life
  
  

term insurance ( Term Life Insurance )
Function: noun
: insurance for a specified period that provides for no payment to the insured except on losses during the period and that becomes void upon its expiration

Term Life Insurance is definitely the way to go if you are looking for the cheapest, short term solution to a potential financial bind for your loved ones or business partners in the event of your untimely passing. 

Example of Term Rates for Male 45, preferred best non smoker, for $100,000 of life insurance coverage (rates may differ by State and may not reflect current rates; this is for example's sake only and you should contact an agent for accurate rates):
 

Company	10 Year	15 Year	20 Year	30 Year
AIG	$226.50	$292.50	$372.00	$492.00
First Colony Life	$168.50	$221.00	$264.50	$461.00
West Coast Life	$170.00	$252.50	$311.00	$498.50
Banner Life	$171.50	$254.00	$312.50	$500.00
Chase (Zurich)	$165.00	$220.50	$264.00	$462.00
Lincoln National	$170.00	$225.50	$291.50	$498.50

 

Term Insurance - Term life insurance is the cheapest life insurance you can get.  You can get a 1 year term, a 10, 15, 20, 25, or even a 30 year term period of coverage.  Term insurance does not build cash value or gain any kind of interest.  Term insurance is usually used to cover a 15 or 30 year mortgage, a buy sell agreement (whereby one of the business owners will retire in a set amount of time), or for other reasons that would require a set amount of years to be covered.  Term insurance is the most widely used form of life insurance for IF you die, not WHEN you die.  Term Insurance brings peace of mind for those periods of time that are critical to you.  If, however, you want to leave money to heirs in the form of a life insurance policy, term insurance is not the way to go (see "a little trivia" above).  There is an option if you want to get your foot in the door with a cheap term policy - buy a term policy now and "convert" it to a permanent policy (with the same insurance company) before age 75 or before the term period expires.  This conversion is seamless - no medical questions, no doctors records...just a form to fill out.  One can convert a term policy to a permanent policy at any time after buying the term policy.  The best thing about a conversion, restated, is that you do not have to re-qualify for the coverage - in other words, you could have terminal cancer and still be eligible to convert the policy at the same rating as when you got the term policy!