Description: Have a basic idea about term life insurance policies and the various benefits associated with those policies.

How can a term life insurance policy benefit you?

There are various types of insurance and term life insurance is one of the important types. Term life insurance is the most widely admired life insurance policy nowadays. As the name suggests, it is planned for a particular term or period of time.

You buy term life policies to cover for a certain number of years like 10, 15, 20, 25 or 30 years. Some of these life insurance policies are available with a return of premium option. This gives you the opportunity to get 100% of the premiums you have paid into the policy. The premium for these policies remains unchanged for the whole term. However, if you go for a renewal, it might go up.

In a number of states including California, no exam term life policies are offered to consumers. These policies are gaining more and more popularity particularly in California. Under a no exam term life policy, you don’t have to undergo a medical checkup to get coverage. You can still select the term of your policy. These policies help you save plenty of time.

How long do you need the protection offered by term life insurance?

Many people prefer term life policies that offer sufficient coverage to get their kids through colleges. The commonest term of this type of a policy is either 20 or 30 years since it provides an extensive period of protection. Throughout that 20 or 30 years, majority of people would have brought up their children and paid off their mortgages. The death benefit or face amount is also assured to stay uniform for the term that you choose.

What are the benefits offered by term life policies?

A term life policy usually offers the following benefits to the consumers:

It is a guaranteed agreement
It is the cheapest form of life insurance
It has an assured death benefit
The premium rate remains constant throughout the term you’ve chosen


You can request instant online term life quotes, compare various policies and their rates and choose the one that’s right for you.