Life Insurance Quote Iowa » No Exam http://lifeinsurancequoteiowa.com Obtain Fast Free Life Insurance Quotes In Iowa Tue, 07 Oct 2008 18:29:04 +0000 http://wordpress.org/?v=2.9.1 en hourly 1 Term Life Insurance in Des Moines http://lifeinsurancequoteiowa.com/hello-world.html http://lifeinsurancequoteiowa.com/hello-world.html#comments Thu, 07 Aug 2008 05:05:56 +0000 admin http://lifeinsurancequoteiowa.com/?p=1 Question:
I live in Des Monies, Iowa and am looking into purchasing my first Life Insurance Policy.  A No-Exam Life Insurance policy to be specific.  I have heard that their are different types of Term Life Insurance. What are the differences?

Regards,
Phillip

Answer:

Phillip,
Term insurance basically comes served in two ways decreasing term and level term.  Most of the policies bought today are Level Term Life Insurance.  The types “level” and “decreasing” equate to the death benefit amount during the term of the policy.  A Level Term policy pays the same benefit amount if death occurs at any point during the term.  Decreasing Level Term policy decreases over the term of the policy so the face amount is drastically reduced.

Some examples of term periods are:

  • 5 year renewable term
  • 10 year term
  • 15 year term
  • 20 year term
  • 25 year term
  • 30 year term
  • Term to a specific age i.e. 65.

I Hope this helps.  Remember You can obtain Fast free Comparative quotes from Insurance companies in the Des Moines area by entering your zip code above.  Happy shopping!

Author

]]> http://lifeinsurancequoteiowa.com/hello-world.html/feed 0