Term Life - Who Needs It?

If you've read any of the books or articles by popular personal finance gurus you've probably heard of the affordable life insurance alternative called Term life. Term life insurance Quotations are recommended by many popular personal finance gurus and can be a good choice for:

· Young families or those on a limited budget, yet still need a large amount of life insurance.

Are there family members who depend on your income and would be placed in financial crisis if you died suddenly? If so, term life might be an excellent option to protect those you care about most.

· If you have large debts that you'll eventually pay off, such as your home mortgage or auto loan.

Since younger people are less of an insurance risk, term life saves you money when you're young and gets more expensive as you grow older. Term life's rates increase as you grow older and pose a greater risk to the insurance company. Term rates assume you'll have less debt and become self-insured through personal savings and other investments as you get older.

· If you're a business owner and want to cover your employee's for a specific time period.

Premiums for term life insurance quotations are lowest when you're young and gradually increase as you get older. Many term life insurance companies require a medical exam when you renew your policy. Before you decide on a company to buy term insurance, it's a good idea to find out what the requirements are and whether you can convert to a permanant life insurance policy later on.

If you think your insurance and financial needs may change down the road, you may also want to check into "convertible" term policies. Convertible policies allow you to convert to permanent insurance without a medical examination in exchange for higher premiums.

To learn more about term life insurance quotations go to http://www.my-insurance-quote.com.

Bruce Nolan strives to help consumers understand their insurance options and is currently a contributing writer for http://www.my-insurance-quote.com.

---

Filing Auto Insurance Claims: The Basic Steps to Take

An automobile accident can be a terrifying event for anyone,... Read More

Everyone Wants The Cheapest Automobile Insurance Quote

When you are looking for an automobile insurance quote, the... Read More

The Life Insurance Plan Online

Thank goodness the internet age has arrived helping us to... Read More

How Do I Lower My Auto Insurance Premiums?

It seems as though the price of everything is on... Read More

Life Insurance Beneficiaries

Naming a beneficiary for your life insurance policy can be... Read More

Finding California Truck Insurance

It's very easy to find California truck insurance on the... Read More

Credit Card Insurance

A word of warning about Credit card repayment protection schemesThe... Read More

Millions of Americans have No Life Insurance

Only 61% of adult Americans have life insurance (down from... Read More

Health Savings Account (HSA): What Happens to it When I Retire?

The Health Savings Account (HSA) is a great tool that... Read More

What Do You Mean My Auto Insurance Policy Doesnt Cover This!!

Auto insurance is an agreement between you and your insurance... Read More

Basic Coverage of Homeowner Insurance Policies

The insurance policy is a package that includes more than... Read More

Eleven Money-Saving Auto Insurance Tips for Senior Drivers

Following a few simple tips and taking these measures will... Read More

New Concepts in Car Insurance - Pay as You Drive

You can pay as you talk with a cell phone... Read More

Car Insurance Discounts

Trying to save money wherever you can is important to... Read More

Discount Auto Insurance - Keep Your Hard-Earned Money

Finding discount auto insurance is so easy when you do... Read More

Poor call centre performances driving motorists online for insurance

In their efforts to cut costs more and more finance... Read More

Finding Fast Life Insurance

Since the widespread growth of internet usage and database building... Read More

Guide to Life Insurance

Here is a useful guide to life insurance. Simply put,... Read More

Long Term Care Insurance How Much Should I Buy?

Long-term care insurance policies have a variety of features and... Read More

What Answers To Questions For A Home Insurance Price Quote Will I Need To Know?

Lets face it, finding the best home insurance price quote... Read More

General Knowledge - Critical Illness Insurance

Critical illness can happen to anyone, and often does. If... Read More

How to Reduce Home Insurance Premiums

Here are some useful tips on how to reduce Home... Read More

Accident Insurance Claim Personal Injury Insights

There's nothing that has a greater impact on evaluating a... Read More

Term Life Insurance Quotes for Singles

Term life insurance quotes are rarely a concern of single... Read More

Tips for Choosing a Life Insurance Company

More than 150 insurance companies offer thousands of life insurance... Read More

Vehicle Insurance Online is a Convenient Way to Get Insurance Cheap

Online comparison shopping is a convenient way to get cheap... Read More

Medical Bills - Evaluating Your Personal Injury Insurance Claim

The value of a personal injury claim has a direct... Read More

Health Insurance Online - Save Today

It is now possible to thoroughly research and buy health... Read More

Types of Life Insurance

There are different types of life insurance policies available. Shop... Read More

Travel Health Insurance - Understand the Benefits

If you're planning an overseas trip, you need travel health... Read More

Family Health Insurance Plans - How to Find The Best Provider Online

Family health insurance plans typically need to offer more coverage... Read More

Buildings Insurance and the Threat of Flood

What is the impact of increased flooding risk in the... Read More

Are Accidents More Likely To Occur Closer To Home?

If you are going to be involved in an accident,... Read More