Term Life Insurance Rates Lowest In Years

Because people generally live longer and are in better health than even a 10 years ago, term life insurance rates have dropped by an average 9 percent annually the past several years, making rates less than half what they were a decade ago. And the Insurance Information Institute recently reported TLI quotes aren’t likely to climb soon. Coupled with more efficient underwriting by TLI companies and a highly competitive market, there’s never been a better time than now to buy affordable TLI coverage to protect your family and business interests.

Term Life Insurance Rates: $500,000 For Less Than $600 Annually

An average, healthy 40-year-old male can buy $500,000 worth of TLI  coverage for less than $600 per year as a “standard risk,” according to the Ins Information Institute. If the same person qualifies as a “preferred risk,” that annual TLI rate drops to about $300 or less. And if you are female, term life insurance rates are even lower for “standard” and “preferred” risks. That’s a half million dollars of TLI coverage for about $50 per month or less and usually with the option to extend the term or convert it to whole life ins. You can buy a lot of peace of mind for $10 a week or less with affordable  term life insurance quotes.

Bad Economy Makes Term Life Insurance Rates Even Better

The price of food keeps rising, and gas prices are going up again. So is the cost of heating and cooling a home and even drawing a glass of water from the tap. But TLI quotes keep going down at a time when most families could use a break. And when you can get $500,000 of TLI coverage for $50 per month or less, most people can afford the protection TLI provides to ensure their mortgage, children’s tuition, loans, credit cards and other costs are covered in the event of an untimely accident or other unwelcome occurrence.

Many Options With Level Term Life Insurance Rates

The fact term life insurance rates don’t go up is just one of the great things about TLI You pay the same monthly premium throughout the term, which usually is at least 5 years and can last up to 30 years. You don’t have to pass a health exam get good TLI quotes, and most TLI policies come with the option to extend the term or convert it into a whole life ins policy. Because your needs change as your life changes, TLI is a great way to ensure you can adjust your coverage to meet obligations, especially if you are just starting a family and just bought a home and you need to find the lowest term life insurance rates.