Instant Term Life Insurance Quotes

You've seen the ads on television: Need insurance? Call this number if you're aged sixty to eighty. You might think, based on these ads, that such insurance is a scam, or not for real. While there are some disreputable companies out there, HighRiskInsurances.com will only provide quotes from companies with good reputations.

Before you request a quote on term life insurance, it is a good idea to understand what it is. Not a new form of life insurance at all, term life insurance is actually the original version of insurance that has since branched out to include permanent forms of life insurance like whole life and universal life.

Term insurance gives you coverage for a specific length of time, or a specific term, hence the name. After that period you can either drop the policy or you can continue to pay, though your premiums will go up every year. As with whole life insurance, if the person insured dies during the covered term, the death benefit will be paid to their beneficiary (the person designated to receive benefits) as long as the premiums are paid up. If the term ends, and the insured is still living, which is the norm, no benefit is paid, nor are any premiums returned. This is actually the same way all insurance works - it is risk protection, and most policies never have claims drawn against them.

Why Choose Term Life Insurance?

There are many reasons to choose term life insurance, but the most popular ones are age and medical history. Because term insurance policies do not generally require medical exams (though you must disclose you medical history if asked), people who would normally be turned down if a physical is required can still obtain this kind of insurance. In fact, there are people with terminal illnesses who have managed to cover their funeral expenses with term life insurance policies.

The other factor in choosing term life insurance, is age. Special policies for people aged sixty to eighty are advertised on television, and as supplemental insurance, or even as the only form of life insurance, for people too old for new whole life policies, these are an excellent idea, and generally not terribly expensive.

What Kinds of Term Life Insurance Are There?

Term life insurance comes in two basic types: annual renewable, and level term. HighRiskInsurances.com can provide quotes on either type.

Annual renewable policies come with a one year coverage term, and an insurability clause that acts as proof of insurance should you choose to renew with the same company or a different one. If the insured person dies during the coverage period death benefits are paid as per the policy terms, but if death occurs even one day after the term ends, nothing is paid. The annual renewability generally lasts from 10 to 30 years, or until the insured reaches a specified age (95 in many cases)

Level term insurance also includes a renewal option, but the initial coverage term guarantees the same premium for a specific number of years, generally ten, fifteen, twenty, or thirty. The longer the term, the higher the premium, because the pricing includes factors for the age of the insured person at the end of the term.

Whatever your reason for choosing term life insurance, and whatever length of term you decide upon, HighRiskInsurances.com will provide quotes that will help you select the best policy and the best provider to meet your needs.