Monday, January 24, 2011

Term life insurance quotes

Term Life Insurance

Term Life Insurance is the most popular type of life insurance today. As the name implies, term life is designed for a specific term (length of time). You buy a term life policy to provide coverage for a guaranteed number of years: 10, 15, 20, 25 or 30 years. No Medical Term Life Insurance is also available. Some companies even offer a return of premium option on their policies. This allows you to receive 100% of the premiums you've paid into the insurance plan.

Universal Life Insurance

One of the most misunderstood types of life insurance is Universal Life. Today's life insurance plans offer long term guarantees such as 20, 30, 40 years or even up to age 120! The face value amount of the life insurance policy is guaranteed to remain level and so is the premium for the period of time you select for coverage.

Term Life or Universal Life Insurance?

The biggest question facing many insurance buyers today is,
"Which type of insurance do I need, Term Insurance or Universal Life Insurance?" The real question should be, "What is Term Life Insurance and how does it differ from Universal Life?" Most people really don't understand these two types of life insurance. And admittedly, it is confusing. We can walk you through the different types of life insurance, and direct you to an online form where you can get instant No Medical term life isnurance quotes/rates and apply online.