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.

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.

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.