Term Life Insurance – what is it?

Welcome to Term Life Insurance website, where you can learn about and request free and secure TLI quotes. This is a very popular and highly affordable tool for protecting short-term financial commitments and interests, such as paying for a home or a child’s college education. And some term life insurance online policies can be extended or converted into whole life insurance at the end of the term.

Term Life Insurance Benefits

To understand term vs whole life insurance, term life, unlike whole life ins, for which premiums might be paid up to age 100 and often requires a medical examination, Term Life Ins Prices are much more affordable. TLI provides whole-life protection but only for a “term,” usually of 5 years or more. And TLI premiums remain the same throughout the term, making it a more practical alternative to costlier whole life ins. It generally works best for people looking to protect short-term family and business interests and usually can be extended or converted into whole life insurance at the end of the term, depending on the policy type.

Protect your Family with Term Life Insurance

Most people buying TLI do so to protect their homes while paying a mortgage, and many do the same when their children enter college. TLI can protect your family against the unthinkable by ensuring your home is paid off and your children’s college tuition covered at a fraction of the cost of whole life ins.

TLI is not an insurance company and does not sell or underwrite term life. Instead, this website works on your behalf by allowing you to compare affordable term life insurance quotes and find the best deal on the insurance you need for your family and business needs. This is a secure site, and your information will be used only to get accurate quotes. After just a few moments, you’ll have the nation’s most reputable TLI companies competing to give you the best deal possible.

Term Life Insurance No Medical Exam

If you’ve ever had a job or belonged to an organization that gave you life insurance protection as part of your benefits plan, that likely was a form of group TLI coverage. Many employers offer it due to the low cost and so do many organizations, such as banks, credit unions, labor unions and professional organizations.  TLI is one of the few products where consumers and insurers benefit equally, which makes it one of the most stable insurance products available.

The fact is, fewer than 5 percent of term life policies on average actually pay a death benefit, so requiring people to pass a medical exam  only increases paperwork and administrative costs for Insurance companies. That means you don’t have to pass a medical exam to buy affordable term life coverage from quality companies more than happy to underwrite your risk.

You can get high-quality term life ins lasting anywhere from 5 years up to 30 years with coverage ranging from $5,000 to $500,000 or more. And most term life policies can be extended for additional terms or converted into whole life. Premiums remain level throughout the term, and you have the benefit of whole life insurance-level coverage at TLI prices.

The low number of term life ins payouts means you don’t have to be in the best of health to get low term life insurance rates and won’t have to submit to a medical exam conducted by an insurer-approved physician. Instead, you can simply provide your basic information and get accurate quotes on term life coverage to protect you and your family. Because there are no health exams, there is less paperwork and time involved in purchasing TLI, making it possible for most people to obtain same-day coverage.

Because so little effort is involved in obtaining insurance, it’s incredibly easy to shop and compare quotes and buy direct online. Using a secure online quote tool enables your local agents and brokers representing to give you quick, accurate quotes on quality coverage from term life ins companies licensed to do business in your state. You can shop, compare and save hundreds of dollars or more by buying term life insurance online.