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ReliaQuote Term Life Insurance
About ReliaQuote
ReliaQuote specializes in the marketing and sale of life insurance policies through the Internet. It offers a selection of hundreds of life insurance plans from highly rated insurance companies to meet the diverse needs of each consumer. In addition, ReliaQuote gives consumers the ability to learn more about life insurance, assess their insurance needs, receive competing life insurance quotes in real-time and apply online.
ReliaQuote Term Life Insurance Says
ReliaQuote offers term life insurance with a variety of options through its partnering insurance companies. Term life insurance provides protection for a specified period of time. A death benefit is paid to the beneficiary if the insured dies within a specified period of time while the policy is still in force. Many term life insurance plans can be converted into permanent life insurance plans without evidence of insurability. Term life insurance options include:
- Yearly renewable term life -- has initially low premiums but they increase substantially as the insured ages. These products have diminished in popularity due to the introduction of level premium term life insurance.
- Level premium term life -- has premiums which remain level over a specified period of time (usually 5, 10, 15, 20, 25 and 30 years). After the initial level period expires, the annual premium increases each year, subject to a guaranteed maximum.
Although the initial premium of a level term policy is higher than the initial premium of a yearly renewable term policy, the level term policy generally costs much less over a specified period of time. In general, term life insurance is suitable when life insurance needs are temporary or if the individual budget does not permit the higher premiums of permanent life insurance for long-term needs.
Contact ReliaQuote at:
ReliaQuote, Inc.
Headquarters
1312 Vincent Place
McLean, VA 22101
Telephone: (800) 940-3002
Sources: "About ReliaQuote", ReliaQuote Web site, 2009; "Life Insurance 101", ReliaQuote Web site, 2009
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