Cheapest Term Life insurance policy?
I want to buy a 30 years fixed term life insurance. Where can I buy the policy not spending lots of money? <any company you know, thanks>
Public Comments
- Genworth Financial or AIG. depends on your age, health, and smoking status. If you need rates, I can refer you to someone I know.
- Call an independent agent and they will give you rates for multiple companies. Ask about a return of premium rider, they will refund most of your premium if the policy never pays out. AIG got sued by the government last year for bad business practices
- Find an independent agent who is licensed in your state. You did not post some critical information - your build, health etc. By the way, there is more to insurance than just finding the cheapest price. Good Luck
- Does anyone still SELL 30 year term? 20 years is the longest term I've seen.
- Libery Life or RBC
- a 30 yr term policy is not a good choice--you will overpay the premium the first 15 yrs, and underpay the 2nd 15 yrs, to get a level premium.. a better choice would be ART, annually renewable term..this is more a pay-as-you go premium..it increases some every yr, yet you don't overpay in the early yrs to get a level premium..also, you can renew it for as long as you want to keep the policy.. much more flexible, and a better value, premium wise..look for an Independent Insurance Agent in the yellow pages, under life insurance.. that is someone who represents several different companies..he/she will search out the best value for you, based on your circumstances.. any other ??..holler back at me..good luck to you..i am a retired Independent Insurance Broker for life and health insurance, and a retired CPA, CFP, & LUTCF also.....
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