answersLogoWhite

0

Term life insurance is typically the cheapest life insurance plan available. It provides coverage for a specific period of time, such as 10, 20, or 30 years, and pays out a death benefit if the insured passes away during that time frame.

User Avatar

AnswerBot

5mo ago

What else can I help you with?

Continue Learning about Finance

What is the cheapest health insurance option available to avoid the tax penalty?

The cheapest health insurance option available to avoid the tax penalty is usually a high-deductible health plan.


What are the insurance options available for a 401k plan?

The insurance options available for a 401k plan typically include life insurance, disability insurance, and long-term care insurance. These options can provide additional financial protection and security for individuals participating in a 401k plan.


What are some options for a cheap life insurance plan?

Some options for a cheap life insurance plan include term life insurance, group life insurance through an employer, and guaranteed issue life insurance.


What is the best plan before buying life insurance policies?

It is always the best plan before buying life insurance policies to ensure that one has obtained the best value quote. This is not always the cheapest. That the benefits which would be paid out would be enough for one's family is also essential to get right.


Is life insurance an investment?

The is more than one kind of life insurance. Term life insurance expires at the end of its term period and is not an investment. Its sole purpose to provide protection for your dependents against the possibility that you will die and no longer provide support for them. Whole life insurance is an investment and provides the benefits of term insurance along with a savings plan, at an added cost. Eventually it is paid off , provides insurance and has a cash value. There are many options available.

Related Questions

What is the cheapest health insurance option available to avoid the tax penalty?

The cheapest health insurance option available to avoid the tax penalty is usually a high-deductible health plan.


What are the insurance options available for a 401k plan?

The insurance options available for a 401k plan typically include life insurance, disability insurance, and long-term care insurance. These options can provide additional financial protection and security for individuals participating in a 401k plan.


What types of global life insurance is available to young adults?

The type of global life insurance that is available to young adults is the perhaps the young American plan. There may be more available but is not listed.


What is the cheapest plan available on BT Mobile?

There are many cheap plans available on BT mobile. The cheapest plan that is available on BT mobile is Broadband package which only costs about ten pounds.


Where can I buy a life insurance plan?

You can buy a life insurance plan, individually, or a family life insurance plan, from a bank, or an insurance company, such as all state, progressive, or state farm.


What is a insurance 770 plan?

A 770 insurance plan is a whole life insurance plan. The life insurance plan is set up as an annuity. When seven years of premiums are paid the plan will pay for itself.


What is the cheapest Christian medical insurance plan?

Christian Healthcare Ministries offer the cheapest Christian medical insurance plan known to man. They offer a variety of very low prices, and a ton of people have joined their services.


What are some options for a cheap life insurance plan?

Some options for a cheap life insurance plan include term life insurance, group life insurance through an employer, and guaranteed issue life insurance.


What is the best plan before buying life insurance policies?

It is always the best plan before buying life insurance policies to ensure that one has obtained the best value quote. This is not always the cheapest. That the benefits which would be paid out would be enough for one's family is also essential to get right.


Which companies offer a 'life insurance with savings' plan?

There are quite a few companies that offer life insurance with savings plans. The Gerber Life Insurance Company offers a college savings plan and a life insurance policy in one plan. Max Life Insurance also offers plans that are both life insurance and savings.


Where can one get the best and cheapest child life insurance in US?

Life Insurance for children is easily purchased today with many insurance companies in competition for the consumers. Globe Life offers a $1.00 for first month premium while Gerber Life has a "Grow-up" plan that starts premiums as little as $1.00 per week.


How do you collect on benefits on life insurance plan paid up in 1988 by Independent life insurance company of Florida or Georgia?

I have a insurance from federal group life insurance retirement plan .I like to know if they are in business