Term Life Insurance With Up To 35 Years of Guaranteed Targeted Coverage

In the next several days you’ll be able to buy term life insurance with guaranteed level term periods ranging up to 35 years. Top Rated American General Life Insurance Company’s Select-A-Term products (minimum $250,000) are offering new coverage periods of 31, 32, 33, 34 and 35 years.

These additional term life insurance coverage periods will allow low cost life insurance shoppers to target guaranteed level term periods of 10 years, 12 years and year-by-year from 15 to 35 years (depending on your age at them time your policy is issued). This additional flexibility makes it even easier to select the exact term period for your protection needs and pay for a policy that is properly priced for your precise funding needs.

To learn more about saving money with targeted funding, type the word “target” in the search box above and you will find several posts with examples describing how targeted funding has worked for others. For targeted term life insurance quotes, please go to 1stQuote.com.

ReliaStar Life Of NY To Offer Return of Premium Life Insurance In New York

ING has introduced return of premium term life insurance in New York state. The policies, to be issued by ReliaStar Life Insurance Company of New York, will be known as ING ROP Term NY, with fixed term periods of 15, 20 and 30 years.

Return of Premium term life insurance policies are designed to return the sum all premiums paid to the term life insurance policy owner at the end of the original term period. Over the past several years, return of premium life insurance policies have grown in popularity. “This type of term insurance appeals to people who are concerned about buying a product they think they may never need,” said Dan Mulheran, president of ING’s life distribution.

ING ROP Term NY is now available to New York residents and you can review the rates through the 1stQuote.com term life insurance quote system.

Life Insurance With No Medical Exam - Deal or No Deal?

You see the ad’s online — “Get Up To $300,000 of life insurance with no medical exam”, “…..Quick and Easy”, “…..Automatically Issued”, and so on. It’s an appealing idea. No one likes medical exams and long delays while waiting for an insurance company decision on their eligibility for life insurance.

The idea of answering a few questions, getting approved, paying your initial premium and printing your policy online in only minutes has lots of appeal. So what are the drawbacks?

Save Money On Life Insurance With Targeted Funding

We are back on the subject of Targeted or Efficient term life insurance funding based on a recent client’s personal situation. The client is age 50, in excellent health and plans to work until age 62 (12 years).

Based on current income replace needs and short term liabilities, he’s decided he needs to maintain $1,000,000 of term life insurance until age 62, at which time ongoing life insurance coverage will not be needed.

Term Life Insurance Rates Continue To Decline In 2008

The trend towards ever lower term life insurance rates is alive and well. While it’s only February, several major life insurance companies have already reduced rates. Among the changes, the following major life insurance companies have reduced premium rates:

Efficient Funding of Term Life Insurance Policies

Let’s say you are 43 years old and you have seventeen years until your children are out of college and your mortgage is paid in full. You want to buy $500,000 of term life insurance to cover these expenses and leave some funds for supplemental income.

When you get quotes on-line you quickly discover that you can get either level premiums guaranteed for 15 years or for 20 years. Since 15 years doesn’t go far enough, you decide on a 20 guaranteed policy with the assumption that you will cancel it at the end of 17 years. Your annual cost for coverage at preferred rates will be $605.