Term Life Insurance2019-01-27T13:00:26+00:00

Types of Term Life Insurance.

Common Level Term Lengths.


5 Year Term.

A five year level term insurance policy is for short term obligations. A ten year term is typically cheaper than a five year policy. Very few life insurance companies offer a 5 year term policy.

10 Year Term.

A ten year level term insurance policy is the most affordable option at any age. If your budget is tight this is the plan for you. You can buy the most death benefit for your dollar with a 10 year plan.

20 Year Term.

A twenty year level term insurance policy is great to cover you when a child is born.  Get coverage until your children become adults. Covers you right up to the point where the kids leave the nest.

30 Year Term.

A thirty year level term insurance policy is for the longer obligations.  It is great for covering things like mortgage loans. A mortgage payment is the one thing you never want to leave your family with.

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What is Term Life Insurance?

Term insurance is a life insurance policy that lasts for a defined length of time. When you buy term life insurance you choose a term length before you apply for a policy. Most life insurance companies offer term polices for 10, 20 and 30 years. Once you apply for a policy and get approved you lock in your premiums and death benefit for the length of time you chose when you applied.

How to Get the Best Term Life Policy.

Finding the best term life insurance policy is not difficult if you have a good independent life insurance agent. When you choose an independent agent they will be able to help you find the best option for your individual situation. An independent agent will be able to shop multiple life insurance companies for you. They will also make sure you can qualify before you apply.

Optional Term Riders.

  • Accelerated death benefit riders
  • Disability waiver-of-premium rider
  • Long term care rider
  • Accidental death benefit rider or double indemnity
  • Guaranteed insurability rider
  • Disability income rider
  • Cost of living rider
  • Critical Illness rider

Top Reasons to Buy Term Life.

  • Replace lost income
  • Pay off outstanding loans
  • Pay for children’s education
  • Pay for funeral
  • Leave an inheritance for heirs
  • Pay off medical debt
  • Pay off CC debts

Male Term Life Insurance Rates.

Preferred Best Nonsmoker Rates. 20 Years.

These term rates are subject underwriting.


Female Term Life Insurance Rates.

Preferred Best Nonsmoker Rates. 20 Year.

These term rates are subject underwriting.

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How Much Coverage Do I Need?



The D stands for debt.  This would be any outstanding debts, minus the mortgage.  Like credit cards, personal loans, car loans, student loans, business loans, etc. Having money to eliminate any outstanding debts will give your surviving loved ones a much better chance for financial success.


The I stands for income.  Typically people will want to replace income for at least 10 years if they were to die. Local Life Agents personally recommends replacing income for 20 years if possible. If your family depends on your paycheck then you want to make sure you replace it.


The M stands for the mortgage.  If you don’t take out enough life insurance to replace income.  At least take out enough to pay off your mortgage. Being able to pay other bills will be much easier on your loved ones if you no longer have a mortgage to pay.


The E stands for education.  This could be private school or college education costs you may want to provide for your children. College cost is on the rise, so over estimating the cost is wise. Education is directly tied to your children’s future success.