Term Life Insurance

Term Life Insurance is a great deal!

30 year-old male – preferred rate – 20 year level term insurance – $500,000 coverage
$255/year

30 year-old female – preferred rate – 20 year level term insurance – $500,000 coverage
$235/year

Want to know what the current rates are for your age? Go to here to obtain an instant quote WITHOUT HAVING TO ENTER YOUR NAME OR INFORMATION!!! There is a spot for you name and phone number, but you do not have to enter it!

Why is term life insurance a great deal?

  • It transfers risk from you to the insurance company
  • It is cheap! Very cheap relative to cash value, universal, or whole life insurance
  • The premium stays the same for the entire term of the insurance.

You need to have 8X – 10X your annual income in term life insurance. Even if your spouse does not work, you should also have term life insurance on them. Imagine how much it would cost to replace the work they currently do while maintaining your household.

Insurance agents will push you to get whole life, cash value, or universal life insurance. They sell them with the savings component built within it. It is not that they are horribly terrible products (OK, maybe they are HORRIBLE), it is the fact that they are VERY EXPENSIVE when compared to the cost of term life insurance.

GO GET TERM LIFE INSURANCE!!!

4 Responses to “Term Life Insurance”

  1. George April 8, 2009 at 4:57 pm #

    Does anyone else have any experience with this?

  2. Jessica April 8, 2009 at 5:05 pm #

    It seems like something is missing, no?

  3. refinace loan January 24, 2010 at 8:11 am #

    I find myself coming back here a lot to read. I’ve learned many new things here. Thanks a lot!

  4. Angelic March 6, 2013 at 7:46 pm #

    Life insurance is a necessity! A friend of my family died suddenly and was the employed in the household. Thank God my father convinced our friends to get life insurance for the unexpected! Our family friend’s husband died 6 months AFTER obtaining life insurance. Tomorrow is not promised to any of us, Beautiful People!

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