Man people are confused about what exactly term life insurance is.
Term life insurance as the name suggests, runs for a limited period, or term. At the end of the specified period of time, or term, the life insurance expires. Hence the name, Term Life. The policy is effective for the length of time of the policy. Therefore the insurance companies risk is reduced as they are only providing the life insurance for the specified time. This ensures that these types of the polices are the most cost effective that can be purchased. 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.
To put it simply, it is the most inexpensive option! Life Insurance companies provide life insurance quotes online as part of their core business model. It means they can reduce direct costs (such as branch overheads) and pass these savings on to the consumer, through reduced premiums. My making quotes more attractive, their aim is to increase their market share and hence profitability
They are many people who require life insurance, but because of certain reasons, don't want to go through the trouble of a medical exam, or just can't find the time to attend to one. There is no reason to let this put you off buying term life insurance. Many companies will provide term life insurance without the need for a medical exam
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