A couple of exciting new term guarantee period options have come to the market. Most insurance companies that offer term life insurance typically only offer up to a 30-year term guarantee period before moving to permanent life insurance such as whole life or universal life coverage. The term guarantee period means the number of years the rates remain fixed and guaranteed for during the life of the policy before it changes into annual renewable term (A.R.T.) coverage with rates increasing each year (based on age). Please note, some policies may be structured to keep the cost the same, but cite the decreasing of the death benefit after the term guarantee period expires.
A few insurance companies have brought to the market options for term life policies that go beyond the 30-year mark. Now available are policies that feature a 35-year or 40-year term guarantee period!
Banner Life) 35-year term life policy available for individuals up to age 50.
Banner Life) 40-year term life policy available for individuals up to age 45.
Protective Life) 35-year term life policy available for individuals up to age 50.
Protective Life) 40-year term life policy available for individuals up to age 45.
American General Life) 35-year term life policy available for individuals up to age 45.
How Do I Get A Life Insurance Quote?
Call us today at 1-888-972-0024 to speak with a live agent to get a free no-obligation quote!
Want to run an instant quote online? CLICK HERE
Want to e-mail us? CLICK HERE