Portrait of family sitting on front porch steps

Frequently Asked Questions about Term Life Insurance Quotes

Here are the answers to the most commonly asked questions about term life insurance.

What is a term life insurance quote?

This is an approximation of the premium you will pay for a term life plan with a particular insurer. When you sign up with us, you can get up to five free price estimates from our insurance partners. These estimates can help you determine how much protection you can afford on your budget.

Are you an insurer?

No, we are not. We are a free matching service that connects our visitors with companies that can offer a free estimate. Our job is to help you find the right life insurance policy and insurer for your unique needs.

How long does my plan last?

You have several options from which to choose when it comes to the length of your plan. Most insurers offer policies with lengths of 5, 10, 20, or 30 years. If you die during this time, your beneficiaries will receive the proceeds of your policy. If you are still living when the plan expires, the plan will have no further value, and you must renew it if you don't want your coverage to cease.

If I don't have children do I still need coverage?

The purpose of these types of plans is to provide for your loved ones after you die. You don't have to have children or even be married to need life insurance. If you have anyone who depends on you or anyone for whom you'd like to provide after you die, then you should consider comparing rates.

Is this type of coverage for me?

These types of plans are for people who have a short-term need for life insurance. This type of product is an excellent way to get a lot of protection on a modest budget. You might also use your policy to supplement existing coverage while you are paying off your mortgage or getting through your child-raising years. One downside to consider before you get a quote is that these plans can become unaffordable later on if you choose to renew your coverage. Your premiums will increase with age, which could make the policy prohibitively expensive down the road.

Tips to figure out how much life insurance you need Answers to frequently asked questions about term life insurance