DOTERM. COM in affiliation with Raines Insurance Group offers a one stop shop to assist you in finding affordable term life insurance protection for your family or business. We have made it easy for you to instantly view and compare quotes from hundreds of highly rated life insurance companies. Term life insurance offers you the least expensive way possible to provide maximum life insurance protection. IT'S AS EASY AS ...
1.Fill in the online form BELOW to get your instant quotes.
2.Review the quotes and choose your best option.
3.Select request an application or call 1-888-393-9003.
What is Term Life Insurance
Term life insurance is the most popular type of life insurance avaialble today. As the name implies, it is designed to protect you for a specific term or length of time.
You purchase term life to provide coverage for a guaranteed number of years: 10,15,20, 25 or 30 years. Some term life insurance companies even offer a return of premium option. This option allows you to recieve 100% of the premiums you have paid into the plan.
How long do I need the protection of Term Life Insurance?
* The number of years left on your home mortgage, if you wish to have it paid off at the time of your death.
* The number of years left on a personal or business loan that you need to insure as a condition of the loan.
* The age of your youngest child may help determine the length of protection if you wish to provide enough money to cover the cost of raising and educating that child until a specific age.
* The number of working years you have left until retirement.
How much coverage do I need?
The amount of coverage varies for each person. Term life insurance is used primarily as income replacement. One easy way to calculate how much term is needed is to figure up how much total annual income is needed by your family to continue their lifesytle. Then determine how many years this income will be needed. Also, you may wish to include an amount of money to pay off any mortgage, debts, credit cards, funeral expenses and college planning needs. A very general rule of thumb is around 10 times your annual income.
What if I have pre-existing health problems?
When underwriting life insurance several factors come into play to determine your eligibility. Your age, health, family history and activities are just to name a few. Past and current medical history will be one of the most important pieces of informaton for the undewriter in determing your eligibility. Over the years many health conditions that once were uninsurable such as diabetes, high blood pressure, cancer history are now many times able to be insured. If you are unsure if you will qualify for protection it is best to call our office at 1-888-393-9003 and discuss your situation with us.
