What is a good company to get term life insurance. How much should we expect to pay?

There are many good companies for life insurance.

Here is a list of top companies:

The Top 10 Life Insurance Companies - Revenues, 2006
and Financial Strength Ratings by A.M. Best Company

MetLife вЂ“ rated A+, Superior
Prudential Financial вЂ“ rated A+, Superior
New York Life Insurance вЂ“ rated A++, Superior
TIAA-CREF вЂ“ rated A++ , Superior
Massachusetts Mutual Life Insurance вЂ“ A++, Superior
Northwestern Mutual вЂ“ rated A++, Superior
AFLAC вЂ“ A+, Superior
Genworth Financial вЂ“ A+, Superior
Unum Group вЂ“ A-, Excellent
Principal Financial вЂ“ A+, Superior

The amount you should expect to pay will depend on several variables, including type of lfie isnurance, your age, gender, occupation, hobbies, health, family health history, amount of coverage, etc.

One way to find some good quotes is to compare free, no obligation life insurance quotes online.

You can go to efinancial https://www.efinancial.com/smartquoteefc.aspx?source=389-707 and fill out one form to get up to 12 instant quotes for term life insurance from top-rated insurers.

The reason you want to compare several quotes is because rates may vary by up to 50% or more between insurers. So you may save some money by comparing quotes.

Term life insurance is usually the least expensive life insurance, especially if you're under 50 or have a family and need the most coverage at the lowest rates.

Here's how term life insurance works:

Term life insurance lasts for a specific number of years, usually 10, 15, 20 or 30 years. The most common terms are 10 years or 20 years.

Term life insurance policies pay the beneficiary the face amount of the life insurance policy if the insured person dies during the term of the policy. For example, a 15-year term life policy with a face amount of $250,000 would pay $250,000 to the beneficiary if the insured died any time during those 15 years.

Usually, term life insurance costs less than permanent life insurance.

At the end of the policy term, the insured is no longer insured, and a death benefit is no longer paid. Some term life insurance policies are renewable, or can be converted to permanent life insurance.

Term Life Insurance Has Three Standard Features:

Level
Usually, the annual premium for the policy paid by the insured stays the same each year. The face amount of the policy also stays the same. Level term life insurance policies can usually last up to 30 years.

Convertible
Before the end of the term for the policy, the life insurance policy owner may be able to convert the term life insurance into a permanent life insurance policy. The owner usually has a specific number of years during the term life insurance policy to convert the policy. The premiums usually increase for the permanent life insurance.

Renewable
Term life insurance policies that are renewable offer the owner the option of renewing the life insurance policy at the end of the policy term, up to a specific age limit (usually age 65 or 70).

For example, a 15 year policy may be renewed for another 15 years. If the policy is renewed, a medical exam may be required. The term life insurance premium will usually increase when the policy is renewed.

I hope that helps! Best of luck to you.