How to Find the Best Term Life Insurance Policy for You

UPDATED: Mar 26, 2020

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Not sure how to find the best term life insurance for your needs? You’d be surprised to learn just how easy the process can be. Listed below are several things to consider while you shop.


What you call price or cost, insurance companies call the policy premium. Your premium is a major factor to consider while shopping for term life insurance. Be sure not to assume that price is a definite indicator of quality. After comparing each policy, you may find that coverage from one highly rated company is less expensive than the same amount of coverage from another equally reputable company. It’s also a good idea to consider annual premiums instead of monthly as you may be able to save quite a bit. Be sure and select a policy that is not only competitively priced but also a great value.

Coverage Amount

Though it may seem difficult to decide how much term life insurance to buy, with a little analysis, you can quickly determine just how much you need. Consider what you’re looking to protect. If you’re a single homeowner, you want to be sure you have enough coverage to settle your final expenses, mortgage, and other outstanding debts. If you’re a married parent, you will need enough to cover not only your outstanding debts but also your financial responsibilities to your family. This may include monthly living expenses, college tuition, retirement savings and more. Our licensed Insurance Professionals and Term Life Insurance Estimator can also help you determine the proper coverage amount.

Term Length

The length of time you’ll need coverage for is important to consider when shopping for term life insurance. Things to think about include how long until you’ve paid off your current debts, how long until your kids are through school and how long until your spouse has reached retirement. Of course, you can only guess approximately when these milestones will occur, but if you think about 10, 15, 20, 25 and 30-year increments, you should be able to arrive at a relatively accurate estimate. You can always cancel a policy later if you no longer need it, which is why it might be a good idea to overestimate.

Insurance Company

Selecting a reputable life insurance carrier is a big part of selecting your best term life insurance option. There are plenty of life insurance companies on the market. Be sure to find a highly rated company. Not all big name providers are highly rated. Luckily, we make it easy for you as we only work with A-rated companies and can help choose the right one for you.

Consider each of the above factors to find the best term life insurance for your needs. Speak to one of our agents and begin your search for your best term life insurance options today!

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Tim Bain

Tim is a licensed life insurance agent with 23 years of experience helping people protect their families and businesses with term life insurance. He writes and creates stuff for QuickQuote and other insurance and financial websites. You can find him on Twitter.

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