Choosing from all the life insurance policies out there can be confusing, especially if you’ve never purchased life insurance before. Term life insurance is a great product for many people seeking coverage, and instant term life insurance quotes are easily available online.
Term life insurance provides coverage for a set duration. Policies typically come in 10, 20, or 30 year increments. Should the policyholder die during the duration covered by the term life policy, his or her beneficiaries will receive the death benefit amount of the policy. Term life policies provide an inexpensive means for people to cover their financial responsibilities in the event of an untimely death. A term life policy can ensure that consumer debt, dependent care, mortgage debt, and other responsibilities are taken care of if the policy holder dies unexpectedly.
There are several variants of term life policies available on the market, including level term life insurance, which sets a level amount on premiums for the duration of the policy, and return term life, which refunds some of the premiums paid at the end of the term. Some term life policies require insureds to undergo medical examinations, while others offer no medical exam term life coverage.
EQUOTE helps consumers find the best possible quotes on life insurance policies. EQUOTE works only with top-rated insurers, helping to provide consumers with the financial stability they and their families deserve.