Not everyone understands the phrase Term Life.
Term life insurance as the name suggests, is active for a period of time, or term. At the end of the specified time period, or term, the life insurance expires. Hence the name, Term Life. The policy is effective for a specified period of time. Therefore the insurance companies risk is reduced as they are only providing the life insurance for a time limited period. This ensures that these types of the polices are the most cost effective available Typically these policies are taken out to provide cover for a debt or a mortgage as they cover the live(s)insured for the term of the debt. They are also most popular with young families and those past retirement.
To put simply, it is the most inexpensive option! Life Insurance companies provide life insurance quotes online as part of their core business model. Therefore, they can reduce direct costs (such as branch overheads) and pass these savings on to the consumer, through reduced premiums. By making quotes competitive they are looking to attract new customers like yourself. As with any other business online, the consumer looks around for the most competitive deal to save them money. This is why term life insurance is affordable. Remember the life insurance premium is typically paid monthly. By saving a few dollars each month, compared to other quotes, imagine how much you will save over the term of the policy!
They are many people who are in need of life insurance, but for one reason or another don't want to go through the trouble of a medical exam, or can't fine the time to attend one. This should be no reason to put you off obtaining a quote, as many companies will provide life insurance without the need for a medical exam
To obtain an affordable term life insurance quote from the top ten insurance companies in your location, enter your zip code below and see how affordable it really is.