How to Get Cheap Term Life Insurance Rates From Top Companies

Looking for term life insurance? Want to know how to get cheap term life insurance rates from top companies? Here's how.

What is term life insurance?

Term life is pure insurance with no investment account attached to it as there is with whole life or universal life policies. With term life you pay only for insurance, not an added investment.

Because you only pay for insurance, term life is the cheapest form of insurance. If you're looking for the most coverage for the least money, a term policy is what you want.

Will my rates increase?

If you purchase a standard term life policy your rates will increase as you grow older. Term life policies are generally issued in increments of 5, 10, 20, and 30 years. So, for instance, if you purchase a 20 year policy your premium will remain the same for 20 years. Then, if you want to maintain your policy, you'll have to renew it at a higher premium.

If you decide in the future that you want to purchase a permanent policy with rates that remain the same throughout your life, such as a universal or whole life policy, most companies will allow you to exchange it.

How can I get a cheap term policy?

The only way to know if your getting a cheap term policy is to compare rates from a number of different companies. Thanks to the Internet, this is a lot easier than it used to be when you had to go from one company to the next to get quotes. Now all you have to do is go to an insurance comparison website where you can get quotes from multiple companies in the comfort of your own home all on one website.

Visit or click on the following link to get term life insurance rate quotes from top-rated companies and see how much you can save. You can get more tips and advice in their Articles section, and get answers to your questions from an insurance expert by using their online chat service.

The author, Brian Stevens, is a former insurance agent and financial consultant who has written extensively on term life insurance.