Term Life Insurance

Nowadays, more and more people have started to seriously take into consideration the possibility of buying a life insurance policy. Whether this is owed to the constant uncertainty surrounding modern times, or to personal reasons which differ from individual to individual, one aspect stands out: people want protection, and they are willing to pay good money for it.

term-life-insurance-quotesLife insurance is probably the best financial safety net on the market – it protects your loved ones, your assets and your future. Products such as life insurance no medical exam have been designed as to meet the needs and fit the budget of all audiences.

Life insurance comes in two standard forms: term and permanent. Whole life insurance is a form of annuity which keeps you insured for the rest of your life. It accumulates cash value over time and it guarantees a pay-out.

Term insurance, on the other hand, keeps you protected for a limited amount of time, ranging from 1 to 30 years. It is efficient and ideal for people who find themselves in transitory debt or difficulty. The downfall of term life is that it doesn’t guarantee a pay-out. In other words, if you outlive your policy you won’t be entitled to receiving any of your money back.

A good middleground between term life and whole life insurance is univeral life. Universal life insurance combines the unlimited protection of whole life and the cheap rates of term life. It also accumulates value into a savings account, allowing the policy to become self-sustainable if necessary. If, however, not handled properly universal life might lapse.

Another option consists of no exam annuities such as guaranteed acceptance or graded benefit life insurance. Such annuities are very expensive, thus we advise you to keep them as a last resort.

For more information about how to buy term life insurance and for free access to our online quote engine, click here to visit! Don’t forget – the ideal life insurance policy might be just around the next virtual corner! Take the time and gather information.