Term Life Insurance Quotes
Instant Term Life Insurance Quote Comparisons Online
Instant term life insurance quote comparisons are especially important for new parents, as well as seniors. Term is often the most affordable form of life insurance, as it provides the highest death benefit at the lowest premium cost.
Decreasing Term Life Quotes for New Parents
New parents have an extra mouth to feed, clothe, shelter, and educate. Term life addresses what many consider a temporary need: caring for your children until they become young adults. Parents want to make sure their children are provided for should they die prematurely.
Many new parents first consider the premium cost of a 30 year term policy. A 30 year policy provides a level premium that spans childhood, through college graduation. Should either parent pass away during the 30 year period, there may be a big enough nest egg to pursue a secondary education.
Compare the premium rates by the length of each contract.
Decreasing term life insurance quotes are also very popular with new parents. Many parents are new home buyers, and took out a mortgage to buy their home. 30 year mortgages are most popular as they generate the lowest monthly payment, and allow parents to purchase more house for their money. Over time, the mortgage balance will shrink as payments are made.
A decreasing term life policy sports a death benefit amount that matches the outstanding mortgage balance. These policies are a more affordable option for couples concerned about paying off the mortgage should one parent die early.
Term Life Quotes for Senior Citizens
Senior citizens often look to term life coverage to address final expenses. They want to make sure final expenses are covered when they finally pass away: funeral costs, estate taxes, etc. A policy makes sure that their heirs are not burdened with any leftover costs.
Premium rates of course are much higher for senior citizens as their life expectancy is much shorter. It may be more difficult to qualify for coverage as health issues are more common. Don’t wait until your policy is too expensive, or you can’t qualify medically. Request an instant quote today, and apply for your policy to lock in the most affordable rates.