30 Year Term Life Insurance Rates

If you are looking for an affordable and long-term way to protect your family with life insurance, then a 30 year term life insurance policy is an economical way to provide that peace of mind. A 30 year term life insurance policy will protect your loved ones with a premium that remains level for 30 years. At the end of the 30 year term, you can renew your policy at the current rate for your age, or you can opt for a permanent whole life insurance policy.

Why 30 Year Term Life Insurance?

The main reason why so many people choose a 30 year term policy is because it is a great way to get a lot of insurance coverage for a very affordable premium. Many of a family’s largest expenses are expensive, yet temporary. One common example is a home mortgage. Most people purchase their home using a 30 year mortgage and most households would not be able to keep up with the payments on that mortgage if one of the breadwinners were to pass away. A term life insurance policy can pay off the balance of the mortgage and protect your family’s lifestyle. The cost of raising children and sending them to college is another long-term expense that needs to be considered. It takes a child at least 22 to 26 years to finish school, get a job or start a business, and become self-sufficient.

The Application Process for 30 Year Term Life Insurance

Getting a term life insurance policy these days is very easy. The first step is to compare rates online and view the premiums from several carriers. Once you find out which company has the best rate for your particular age / health then you can apply right online. Some companies will require a life insurance physical so that they can evaluate your health. If you are in very good health and you don’t need more than $500,000 worth of term life insurance, then you may be able to qualify for a no exam term life insurance policy.

Get started now by comparing rates. Remember that all insurance companies have different underwriting criteria and the premiums can vary by as much as 40 to 70%. It definitely pays to compare!

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