How can I get cheap level term life insurance quotes?

June 4, 2013 at 11:08 am 1 comment

ektepar_None_0A level term life insurance policy is one where you take out life insurance cover that will be worth the same amount over time – it will not rise in line with inflation or any other measure. Level term life insurance policies will not rise in the payout value, and it will only be in force for a set period of time. If you do not claim within this time, then the policy will expire and you will not be able to claim against it at all. But the good news is you will still be alive.

When would level term life insurance be appropriate?

Level term life insurance is often taken out alongside an interest-only mortgage. You will borrow a set amount over, say, 25 years. You will want to make sure that your mortgage is paid off if you die, so your family can continue to live in the property without any fear that they will be left with a big bill from the mortgage company.

This is an ideal scenario for level term life insurance, as you will only need the cover for as long as the mortgage is in place, and for the amount that the mortgage is against the property.

There could be other reasons for wanting level term, such as another type of loan that you need to pay off no matter what happens to you, or simply because you want to be able to leave a specific amount for your family when you die.

How can I get cheap level term life insurance quotes?

ottawabroker.com will help you directly compare over 25 life insurance companies for level term, by cutting out the middleman we should be able to help you find the best deal. Just use our comparison service to find out how much you can save today.

Bear in mind that if you already have a life insurance policy in place, you should consider any changes to your state of health that might make your policy more expensive than it is now. Under no circumstances should you cancel a life insurance policy until you have another one in place, as that will leave your family with no protection in the event of your death.

get-a-quote-now-small

Advertisements

Entry filed under: Uncategorized. Tags: , , , , .

How much life insurance do I need? Why Use An Insurance Broker?

1 Comment Add your own

  • 1. overloadbeats.com  |  June 25, 2013 at 2:34 pm

    Heya i am for the first time here. I came across this board
    and I find It really useful & it helped me out much. I hope to give something back and help others like you helped me.

    Like

    Reply

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Trackback this post  |  Subscribe to the comments via RSS Feed


wordpress com stats

%d bloggers like this: