Since 2010, HealthMarkets Insurance Agency has helped Americans enroll in more than 4 million insurance policies with insurance providers nationwide. Our licensed agents can help you find a term life insurance policy that fits your needs and budget.
What Affects the Cost of Term Life Insurance?
When you are looking to apply for a term life policy, there are several factors that can affect how affordable it can be. Considerations about the intended policyholder include:
- General health (e.g. blood pressure, weight)
- Risky hobbies
- Family health history
Benefits of Term Life Insurance
Cost: Term life insurance is the preferred type of life insurance coverage for many Americans simply because it's cheaper than other types of insurance options. Because this type of insurance only lasts for a certain period of time, rather than for a lifetime, insurance companies may offer cheaper rates.
Coverage: If you're looking at standard affordable term life insurance coverage, the policy should cover any cause of death, except for death by suicide within the first two policy years (one year in some states). You also determine the amount you bequeath to your named beneficiaries.
Ease: With most term life insurance, a medical exam can be optional for simple plans. However, if you do choose to take a medical exam, you may be eligible for lower monthly premiums for fully underwritten policies.
Guarantee: Standard term life insurance policies may come with a guarantee that your premiums and payout will remain the same for the length of the term agreed upon, which is generally between 5 and 30 years. You should also look for a term life insurance policy that allows you to renew your coverage at the end of the term, regardless of your health status.
Find An Affordable Term Life Policy with HealthMarkets
At HealthMarkets, we have thousands of licensed, knowledgeable agents waiting to help you. To learn more about cheap term life insurance options, find a licensed life insurance agent in your area today.