No Exam Term Life Insurance
» No medical exam
» Just answer a few health questions
» Same day coverage if approved
» No Blood Draw - No Needle Stick
» 10, 15, 20, or 30 year term insurance.
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Smokers Life Insurance
A look at the impact that smoking has on life insurance rates. We can help you find the lowest cost life insurance.
Higher Risk Life Insurance
Just because you may be considered “higher risk” does not mean that you should be denied life insurance.
» High Risk Life InsuranceSenior Life Insurance
Find out more information on Senior Life Insurance, sometimes referred to as Final Expense Life Insurance
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» Dental Plan QuotesAffordable Term Life Insurance - Florida
Term life insurance in Florida is designed for a specific period of time, usually between 5 and 30 years. Term policies are designed in a different way compared to traditional whole life policies, including having a much cheaper premium at the onset of the policy that increases at pre-set intervals over time. As people age, the rate of their life insurance will go up each time they renew their policy. When the term runs out, there is no obligation to renew the policy or get more life insurance, and it simply goes away. In some policies you have a right to renew it for another term or convert it to some form of permanent life such as whole life or universal life insurance.
How much Life Insurance do I need?
Before buying life insurance, you should gather personal financial information and review your family's needs. There are a number of factors to consider when determining how much protection you should have. These include:
- Immediate Needs: such as final illness expenses, burial costs and estate taxes.
- Adjustment Period: funds to finance a move or to provide time for family members to find a job.
- Ongoing needs: such as monthly bills and expenses, day-care costs, college tuition or retirement.
- Income needs: When you're gone income needs for the surviving family will continue. How much income you would need to be replaced and for how long.
Although there is no substitute for a careful evaluation of the amount of coverage needed to meet your needs, one rule of thumb used is to buy life insurance that is equal to five to seven times your annual gross income.
How do I determine the length of term I should consider?
Term life insurance needs to be purchased for the right amount of time so that you avoid paying higher premiums or having to renew too often. For example, a 70 year old person would probably be fine choosing a 10 year policy, but a family buying insurance to cover a mortgage would want to consider a longer term, say 20 or even 30 years to coincide with the number of years left on the mortgage. If you have to renew a policy, your premiums will increase, which is why you should examine your needs carefully.
Do I need affordable Florida term life insurance?
Life insurance is an essential part of financial planning. Three big reasons why most people buy term life insurance is to payoff mortgages, replace income that would be lost with the death of a wage earner, and payoff outstanding debt including final expenses. The cash provided by term life insurance can help ensure that your dependents are not burdened with significant debt when you die. Life insurance proceeds could mean your dependents will not have to sell assets to pay outstanding bills or taxes. An important feature of life insurance is that in most cases no income tax is payable on proceeds paid to beneficiaries. The death benefit of a life policy owned by a C corporation may be included in the calculation of the alternative minimum tax.
Choosing An Insurance Plan That's Right For You
Purchasing life insurance is key to any future financial planning. Life insurance gives you the assurance that when you die, your loved ones will have the funds available to maintain the lifestyle they've grown accustomed to.
Other term life options include...
- Affordable Term life with no medical exam: This type of policy is designed for people that do not want to complete an exam and provide blood samples. These plans are almost always more expensive than traditional term insurance.
- High risk life insurance: These types of plans typically use traditional term life plans but require expertise and a complete understanding of the underwriting process. With this expertise people that have had cancer, heart surgery, diabetes and many other diseases are able to buy life insurance
Choosing a term life insurance product is an important decision, but it often can be complicated. As with any other major purchase, it is important that you understand your needs and the options available to you. Let our professional insurance advisors help.
Compare and Save!
To get your low cost term life insurance comparison from America's top rated companies visit our term life quotes engine at Florida Term Life Insurance Quotes . Our licensed professionals are available to help you through every step of the process and beyond.
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