Term Life Insurance Quote
Protect your family with term life insurance. Get an instant term life insurance quote online in just a few minutes. We recommend HSBC Term Life Insurance. There’s no medical exam and no agent visit required, just a few health questions.
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Term Life Insurance FAQs
Q. What is term life insurance?
A. Term life insurance is a life insurance product that you purchase for a specific period of time (usually 15, 20 or 30 years). Your insurance company will evaluate your age, health and lifestyle at the time you buy the insurance and quote you a fixed annual premium to receive a defined benefit should you die before the term expires. At the end of the term, your policy expires
Q. Do you need life insurance?
A. Let us be clear: You only need life insurance if you’re supporting a family. So for many of our readers in their twenties, life insurance is a future financial need. We recognize, however, that many people start their families in their twenties and may be at a point to seriously consider life insurance.
Q. How much life insurance do you need?
A. Typically you should carry between eight and ten times your annual income in life insurance coverage.
Q. What about cash value/whole/universal life insurance?
A. There are several other kinds of life insurance that double as a way to save. In other words, you access some of the money you pay in premiums even if you don’t die. Unfortunately, these policies are very expensive ways to save and insure your family’s future. Often times, financial advisors and insurance sales people will aggressively push these polices, but financial experts including Dave Ramsey and Suze Orman all recommend guaranteed level term life insurance as the only way to go, and we agree.
