No Exam Term Life Insurance
» Up to $400,000 With No Medical Exam
» No Medical Exam Life Insurance
» Level insurance rates 10 - 30 years
» Simple application process.
If your health is preventing you from buying life insurance you may want to consider Guaranteed Issue Life Insurance.
High Risk Life Insurance
If you've had a major illness such as cancer, diabetes, cardiovasular, or even by-pass surgery disease and thought you could not buy life insurance consider High Risk Life Insurance
Florida Low Cost Life Insurance
Choosing a low cost Florida life insurance plan is an important decision, but it often can be complicated. As with any other major purchase, it is important that you understand what your needs are and the options available to you.
Term life insurance is designed to cover you for a certain length of time, usually ranging from 5 to 30 years. It is usually purchased to cover obligations such as mortgages, college education, and future income for a surviving spouse. If you die during the term of the policy, your beneficiary receives the stated death benefit income tax free. For example, when you purchase a 20 year 250,000 term life insurance policy, whether you die in year two or year nineteen, your beneficiary still receives the same amount; $250,000.
If you outlive the term of your life insurance policy, protection will end unless there is a renewal provision in your policy and you opt to renew it. There is no accumulation element, or cash value with term insurance. Newer types of term life insurance policies offered just in the last10 years do offer a return of premium ROP feature.
What is Return Of Premium or ROP
Return-Of-Premium Term or (ROP Term) in a nutshell is a term life insurance policy that has a feature built into the policy that guarantees to return all or a prorated portion of your premiums after you have had the policy for a certain number of years. An example would be if you purchased a 20 year level term policy with the return of premium feature. After 10 years of premium payments if you decide you no longer needed the protection you could turn the life insurance policy in and get approximately 50% of your premiums back in the form of a refund. However if you kept the policy for the full 20 years you would receive a 100% refund of all the premiums paid. Some people feel that the slightly higher premium that they would have to pay for the return of premium feature is justified because they feel their money is not wasted.
Compare Life Insurance Rates!
To get your low cost term life insurance comparison from America's top rated companies visit Florida Term Life Insurance Quotes . Our licensed professionals are available to help you through every step of the process and beyond. Call us today888-564-7662