Term Life Insurance
Term life insurance provides coverage for a specified period, such as 10, 20, or 30 years, subject to the policy terms.
Protection for the people who depend on you
Life Insurance built around what you want to protect.
Compare life insurance coverage based on your financial responsibilities, coverage goals, budget, and how long you want your protection to last.
Life insurance basics
What is life insurance?
Life insurance is designed to provide a financial benefit to the beneficiaries named in the policy when the insured person dies, subject to the terms of the policy.
Life insurance may help provide money for expenses such as housing, debt, education, final expenses, or the loss of household income.
The type and amount of coverage to consider depends on your financial responsibilities, goals, budget, and how long you want the protection to last.
Coverage types
What types of life insurance are available?
Life insurance generally falls into two broad categories: term life insurance and permanent life insurance.
Permanent Life Insurance
Permanent life insurance is designed to provide longer-term coverage and may include cash value features, depending on the type of policy.
Coverage Amount
The death benefit is the amount payable according to the policy terms and can be selected based on your coverage goals.
Policy Duration
Some people need protection for a specific period, while others may want coverage designed to remain in place longer.
Premium
Premiums can vary based on factors such as age, health, coverage amount, policy type, and underwriting.
Beneficiaries
Beneficiaries are the people or entities designated to receive the policy benefit, subject to the terms of the policy.
How much coverage?
How much life insurance might you need?
There is no single coverage amount that works for everyone. Consider the financial responsibilities and goals you want your life insurance policy to help address.
- Household income that may need to be replaced
- Mortgage or rent obligations
- Outstanding debt
- Children or other dependents
- Future education costs
- Final expenses
- Existing savings and life insurance
- Long-term financial goals
Choosing coverage
What should you compare in a life insurance policy?
Life insurance policies can differ in cost, duration, features, underwriting requirements, and how premiums work. Understanding those differences can help you compare your options.
- Coverage amount
- Policy duration
- Premium amount
- Premium guarantees
- Policy exclusions and limitations
- Available riders
- Conversion options, when applicable
- Underwriting requirements
How we help
Compare life insurance based on what you want to protect.
We can help you compare available life insurance options based on your coverage goals, policy type, benefit amount, costs, and budget.
- Review your coverage goals
- Compare term and permanent options
- Review coverage amounts
- Compare premiums
- Understand policy features
- Review exclusions and limitations
- Ask questions before applying
Frequently asked questions
Life Insurance FAQs
What is term life insurance?
Term life insurance provides coverage for a specified period of time, subject to the terms of the policy.
What is permanent life insurance?
Permanent life insurance is designed to provide longer-term coverage and may include cash value features, depending on the policy type.
How much life insurance should I have?
The amount to consider depends on your financial responsibilities, household needs, existing assets, budget, and the goals you want the policy to help address.
Does age affect the cost of life insurance?
Yes. Age is one of several factors that may affect life insurance premiums. Health, coverage amount, policy type, and underwriting can also affect cost.
Do I need a medical exam for life insurance?
Not always. Underwriting requirements vary by carrier and policy. Some life insurance products may require a medical exam or other medical underwriting, while others use different application and eligibility processes.
Can I have more than one life insurance policy?
It may be possible to have more than one life insurance policy, subject to carrier underwriting requirements and the amount of coverage for which you qualify.
Can Health Accident Life help me compare life insurance?
Yes. We can help you compare available life insurance options and understand policy types, coverage amounts, costs, features, and limitations.
Protect the people who depend on you.
Tell us what you want your life insurance to protect and we'll help you review available coverage options based on your needs and budget.
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