arizona Term Life Insurance quote
Affordable Life Insurance For Healthy Adults 18-59
If you are young and healthy, *usually less than 2 prescriptions, depending on what they are for, Term Life Insurance is a great way to lock in your health to provide for your family if something were to happen to you.
There are four reasons that Term Life Insurance is by far the best decision when you fit the criteria.
1.) Term Life INsurance is Affordable
2.) Term Life Insurance can be written for up to $1,000,000
3.) Term Life Insurance plans offer ROP (Return of Premium) – A fancy way of saying YOU GET ALL OF YOUR MONEY BACK IF YOU DON’T DIE
4.) If you become terminally, critically or chronically ill, most insurance companies will allow you to access 75-100% of your entire policy!
That means if you were to get say a $100,000, 20-year term life policy and a couple of years later your doctor says you have terminal cancer, you can call up the insurance company and request your policy $75,000-$100,000 (depending on which plan you choose). Either way, you have what is called “Living Benefits”.
Living Benefits are by far the most important benefit of Term Life Insurance.
It’s important to understand the differences between Whole Life Insurance vs Term Life Insurance. As you can see pictured above, Term Life lasts a certain amount of time; typically 10,15,20,25 or 30 years – depending on what your current age is. Usually to a maximum age of 80 or 85, depending on the insurance company you qualify for.
Whole life, on the other hand, lasts your whole life. It never expired and the price never changes. It can accumulate a cash value that you can use as a “loan” to yourself or more commonly it is used to make the payments on your behalf so you don’t have to later down the line.
Term Life Insurance is a simple issued application and depending on the amount you are applying for it will not require you to complete a “paramed” such as a blood or urine test.
The most exciting benefit of Term Life Insurance is the Return of Premium. Click the button below to see if you qualify for Return of Premium Life Insurance.
Example: $250,000 20 Year Term Life Insurance Policy In Arizona
(Without Return of Premium)
*Please note that these rates are only examples for informational use only so you can see the price range of a typical Term Life Policy. For the exact price for you please click the button below.
Example: $250,000 20 Year Term Life Insurance Policy In Arizona
(Without Return of Premium)
*Please note that these rates are only examples for informational use only so you can see the price range of a typical Term Life Policy. For the exact price for you please click the button below.
As you can see, Return of Premium is going to be more expensive. That is because the insurance company is guaranteeing that you will get your money back in 20 years if you are still around. If you die in that 20-year term, your family would get the $250,000. You also have the option to let the insurance company keep your money and they will give you a paid-up whole life policy. That means you would never have to pay another penny again and no matter what they will pay out that amount.
If you were to develop a Chronic, Critical, or Terminal Illness, you would receive 75-100% of $250,000 while you are still alive.
You really cannot lose with a Term Life Policy with Return of Premium.
Talk to a State Licensed Agent Today to see if you qualify for a Return of Premium Term Life Insurance policy.
