answersLogoWhite

0

Many factors go into calculating prices for term life insurance. Factors to take into consideration are: Your dependents living expenses if your income is no longer available, the premium rate of the insurance company you chose and lowest cost policy for which you qualify.

User Avatar

Wiki User

12y ago

What else can I help you with?

Related Questions

How does group term life insurance work?

The group term life insurance works just as a regular life insurance company would but their premiums are lower and they are very fair with their monthly prices.


Where can one obtain premium quotes for Canada term life insurance?

There are a few Canadian insurance companies that one could compare the prices for life insurance. There are websites like Progressive and TD Insurance that will show their competitor's prices as well as their own.


Where can you compare term life insurance rates?

There is a number of places you can compare term life insurance rates. On the computer you can find many different place to compare prices. You can also do it by phone and just keeping track of what you find out.


Does Prudential Life Insurance offer term life?

Prudential Life Insurance offers several different type of life insurance, including term life insurance. They offer complete term insurance or supplemental term insurance that can be added on top of any other insurance you may have.


Where could one purchase cheap life insurance?

Zander insurance shops around to find the best insurance prices available. They do not deal with whole life, universal life or any other type of cash value insurance. They only deal with term life insurance, which is the best buy in insurance industry.


What companies sell the best life insurance?

It depends on the type of life insurance you want,often it is better to but Term Life insurance rather than Whole life insurance. There are many companies that offer quotes on life insurance policies and the way to find the best rates is to shop around and compare prices and policies.


Does all life insurance have no physical term?

No, term life insurance has a term, hence the name.


What is the difference between life insurance and term life insurance?

Life insurance is a more general concept that may refer to either whole life insurance or term life insurance. Whole life insurance gathers value the longer you have it, whereas Term life insurance does not obtain any value that you may use before you die. Term life insurance only pays out when you die.


What are the benefits of purchasing term assurance?

Term life insurance will protect the policyholder should his or her life end unexpectedly. Term life insurance is often the cheapest of all available insurance. Usually, term life insurance can be converted to whole life insurance during the term. Whole life insurance will never expire and the rates will remain constant throughout the policyholder's life.


What do you mean by the term life insurance?

Term life insurance is a form of temporary life insurance that provides coverage for a specific number of years. Term life insurance is available for 1-40 years, depending on your health and age. Term life insurance is usually purchased for 1, 15, 20 or 30 years. Term life insurance builds no cash value within the policy. Term life insurance is "Pure Protection". You pay only for the life insurance. If you outlive your policy term, the coverage expires. Level term life insurance is the most common form of term life insurance. Level term offers premiums and coverage amount that remain the same each year for the entire term of your policy.


What is the difference between term life insurance vs whole life insurance?

A term life insurance is during the insurer's life only. When he or she is gone, then the insurance ends. The whole life insurance on the other hand has what the term life insurance covers plus more.


Is term insurance the most expensive type of life insurance?

No, term insurance is not the most expensive type of life insurance. Usually, term insurance is the most affordable type of life insurance. Term life insurance usually costs 2-3 times less than permanent life insurance. Why? because term life is temporary coverage, usually for 1-30 years, and it builds no cash value inside the policy. See for yourself: Free term life insurance quotes at QualityTermLife's website.