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Thread: Term Insurance ?

  1. #1
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    Default Term Insurance ?

    I am in need of Term Insurance, can anyone please help me out in getting it. Please recommend me some good reputed companies so that I can get it..... Thanks in Advance!!!



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    Term life insurance is the most affordable type of life insurance, but is temporary in nature. It pays out in the event of death within the specified term period you bought the policy for. It has is no cash value, unless you use the Return of Premium rider, which will allow you receive back premiums paid into the policy at the end of the term. Ensure on buying a "guaranteed level term" life insurance policy. This type of policy has premiums that are designed to remain level for a period of 5, 10, 15, 20, 25 or even 30 years. Without a guarantee, life insurance companies can raise the rate without your knowledge. You can find inexpensive term life insurance policy offers online on an aggregator website.


    Pat Cassidy
    Disclaimer: I work for AccuQuote and this is my personal opinion.

  3. #3

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    buy term life insurance, generally means you are planning on reaching a point where you will no longer need life insurance. should be used with a good savings and investing program. Most people have term insurance until they hit retirement age and all of their debt has been paid off.
    Last edited by Luisfer; 09-11-2012 at 10:52 PM.

  4. #4

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    The best I can do is refer you to companies that offer term life insurance since you didn't provide any details about yourself. You can try Genworth Financial, Metlife and TransAmerica. If you want to compare quotes from leading carriers I suggest go to Geico or Accuquote. I hope these things help.

  5. #5

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    There are many highly-rated life insurance carriers offering term life insurance coverage including Prudential, Banner Life, Transamerica, Northwestern Mutual, Mass Mutual, MetLife, among others. You can search "top term life insurance companies" on Google, or go to III.org for more information about the leading carriers that issued the most individual term life insurance policies last year. Term insurance is temporary life insurance lasting for a set period of time, usually 1-30 years, or until you reach a certain age, for instance 65 or 70. If you outlive the duration of your term policy, the life insurance coverage expires, unless you have renewable term life. If you die during the term, your beneficiary would receive the death benefit, subject to any exclusions in the policy.
    Visit Term Life Online to learn about life insurance and how to buy no exam life insurance online.

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    Senior Member Level 1 DavidBlock's Avatar
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    Personally, I would suggest you contact a local licensed life insurance agent. One can be located at http://www.naifa.org/consumer/advisor.cfm and you can search from there. It is important to use an agent because they can help determine if one insurance company is better than another based on your medical information. Just because a website says you are preferred does not mean you are in reality.
    David M. Block, CLTC
    President
    Insurance Specialties, Inc.
    PO Box 1809
    Candler, NC 28715-1809
    800.358.8844 toll free
    828-667-1119 local
    828-667-2229 local fax
    www.insurance-specialties.com

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    Senior Member Level 1 DavidBlock's Avatar
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    Mr. Hardy, I could not disagree more. Websites do not tell you if you qualify or what is best for you as the consumer. All it does is provide a number, a premium which as soon as you see it is not guaranteed. Why is it not guaranteed? Because the client/insured has to take a medical exam. If the medical exam and medical information is not up to the standards of the insurance company, the applicant can be rated up or even declined. I see by your website you help Canadians that have been denied coverage -- very commendable of you. However, the reality is that is the line of last resort and not the beginning.

    Continued success to you, but please reconsider that websites as the answer when they are simply a place to start the process.
    David M. Block, CLTC
    President
    Insurance Specialties, Inc.
    PO Box 1809
    Candler, NC 28715-1809
    800.358.8844 toll free
    828-667-1119 local
    828-667-2229 local fax
    www.insurance-specialties.com

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    Member Level 0 sherylgray's Avatar
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    Quote Originally Posted by DavidBlock View Post
    Mr. Hardy, I could not disagree more. Websites do not tell you if you qualify or what is best for you as the consumer. All it does is provide a number, a premium which as soon as you see it is not guaranteed. Why is it not guaranteed? Because the client/insured has to take a medical exam. If the medical exam and medical information is not up to the standards of the insurance company, the applicant can be rated up or even declined. I see by your website you help Canadians that have been denied coverage -- very commendable of you. However, the reality is that is the line of last resort and not the beginning.

    Continued success to you, but please reconsider that websites as the answer when they are simply a place to start the process.
    You are absolutely right David. Websites never tells you the quality service of particular insurance brokers/companies. The two things which I always recommend is to go for local insurance companies and check their reviews. Reviews are of big help while going for any type of insurance.

  9. #9
    Senior Member Level 1 DavidBlock's Avatar
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    It is not that websites are not helpful and user friendly, they are just not the final solution. Would you check WebMD, for example, if you had an ache in your arm and pain in your chest or would you call a specialist or an EMT? It may help you to determine what is wrong but would it give you the exact solution, what to do, or how to proceed?

    Websites are viable for the information they provide but of what value is the information without the education?
    David M. Block, CLTC
    President
    Insurance Specialties, Inc.
    PO Box 1809
    Candler, NC 28715-1809
    800.358.8844 toll free
    828-667-1119 local
    828-667-2229 local fax
    www.insurance-specialties.com

  10. #10
    Member Level 0 sherylgray's Avatar
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    Quote Originally Posted by Robert J Hardy View Post
    I think that must be good idea, but I don't think checking insurance services and plan online is no good. I think lots of people find websites useful and user friendly.
    Website do talk more louder and clear. But if someone searches on local pages or google maps, they encounter many reviews which gives a lot of hint to the user about the reputation of the company.

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