Asked 6/20/2011
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Term Life Insurance Quotes What is Term life insurance quotes.Explain in Detail? |
Answer 1/2 - Submitted 6/20/2011
Term life insurance quotes are the results of shopping around to various insurance providers of the product known as term life insurance.
Term life insurance is a life insurance policy, with a fixed monthly (usually) payment, that guarantees a fixed amount if the policyholder dies and which is paid to the beneficiary or beneficiaries.
It is insurance that is the most affordable available, much cheaper than whole life insurance, that provides a death benefit to those who might otherwise be financially hurt by the passing of the policyholder.
Answer 2/2 - Submitted 7/2/2011
Term life insurance quotes are numbers received from various online or offline life insurance companies or brokers about the monthly or yearly cost to purchase this type of insurance. The quotes will be based on your age, health, weight, height and other personal factors, as well as how much the death benefit is and for how long.
Once you gather a variety of quotes together you can see which ones are best for you. There are certain riders you can attach to term insurance too, which will increase the quote.
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