TERM LIFE – as suggested in the name itself – is for temporary coverage needs: you may need to cover your mortgage, debt or other large but temporary obligations – until your mortgage is paid off or children become independent.
To keep Term Life insurance low cost, an applicant will qualify by answering a few medical questions. Below are a few sample rates for people in good health without major medical history.
TERM LIFE INSURANCE
Ages 18-65 – term life coverage for 20-years
Ages 66-70 – term life coverage for 15-years
Ages 71-75 – term life coverage for 10-years
(Need LIFETIME coverage? Get WHOLE LIFE / Final Expense HERE)
