You can get good Term life insurance from many companies. The things to watch out for is to make sure the premium is guaranteed not to go up for the entire term, that it pays 100% from day one for death by any reason (except suicide in the first two years), that it has the possibility to be converted in the future, and that the company is highly rated.
Founder, Abrams Insurance Solutions, Inc., San Diego, CA
It is important to choose at least an A rated company and work with a knowledgeable advisor to help you sort through the options. Price is a major concern, but price will be dictated by health issues, family history, motor vehicle report, etc. Life insurance is not a one-size-fits-all product and the "best" company will be different for each individual.
Agent Owner, Gilmore Insurance Services, Marysville, Washington State
I DO! ;) but the catch is you have to live in my state to buy it. There are many good term life companies and best for you may be different than someone else.
Why? Term companies target certain demographics with their underwriting and become very competitive for some people. What means is a company that offers you the best price for 250,000 in coverage, may be third at 500,000 and eight at one million. So it is very hard to state a specific company as you need to provide age, sex, health, smoking not smoking and face amount to find out. And if any of those things change, so does the answer.
Term life insurance is priced on the basis of your sex, health condition and smoking history. The non smoking, non rated health category for term life insurance alone has five underwriting sub categories: Super preferred, preferred plus, preferred, standard plus and standard. The price difference between the first and fifth category could be significant and even more so by company. So we spreadsheet term life insurance by the best price in each health category to determine the best deal for the consumer.
There are many companies that offer good policies, to direct you to the one that best suits your need, I'd need some more information - How much coverage would you like, for how long a term, and what's your age, for starters. All insurance companies would need that much information to at least give you a quote.If you would like to contact me, I 'd be happy to give you some more details. Hope that helps!
Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
The company with the best term life policy is the one that covers you on the day you die. Regardless of what you have paid it will probably represent a fraction of the death benefit paid by the company. The trick is to have the term policy in force on the day that you die. The number of policies that terminate prior to death is staggering and shows that many people wanted to care of those that they loved; however, they were unable to make it work.
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Why? Term companies target certain demographics with their underwriting and become very competitive for some people. What means is a company that offers you the best price for 250,000 in coverage, may be third at 500,000 and eight at one million. So it is very hard to state a specific company as you need to provide age, sex, health, smoking not smoking and face amount to find out. And if any of those things change, so does the answer.