Term life insurance is a simple, affordable life insurance solution for families.
A term life insurance policy provides death protection for a specified period of time (the “term” of the policy) – typically 10, 15, 20, or even 30 years.
Once you determine how much life insurance coverage you need it’s a relatively simple and straightforward process to purchase life insurance. One thing to keep in mind is preliminary quotes are based on your age, height, weight, and general health.
Once you apply the insurance company will complete a more thorough underwriting review of your medical history, medications, and family health history along with taking note of any hazardous occupation or activities to finalize pricing.
One advantage with life insurance is you can wait until the underwriting process is completed, your new policy is approved, and the pricing is finalized before you commit to a purchase decision.