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Life Insurance for the Stages of Life
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Factors That Determine Insurance Rates
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When is it Better to Buy Term Life?

Of the two main types of insurance, term and permanent, which is better? In many cases, particularly when families with children are involved, it is best to buy term life. Why? Permanent policies do have the benefit of cash value, but these policies, which combine coverage with an investment portion, are far more expensive than term life insurance. Because permanent life insurance costs so much, many people cannot afford to buy as much coverage as they need. It makes sense, in cases like these, to buy term life instead.

When you choose to buy term life, you purchase insurance to protect you for a specific amount of time. For example, if you need coverage for a 10-year period, your term life policy will provide complete coverage for those 10 years. You can buy term life to provide protection for a specific span of time, such as five, 10, 15, 20 years or more.

For convenience, it makes sense to buy term life insurance online. Shopping for life insurance online puts free quotes and a wealth of information directly at your fingertips. It is wise to buy life insurance online that guarantees a fixed rate through the end of a fixed term. Be sure, whether you buy life insurance online or through another means, that the policy you choose has a conversion clause. This clause allows you to switch to cash value at the end of the term, which is extremely helpful if you become ill or otherwise ineligible.

If you are looking to buy term life insurance online and want the most affordable rate, Spectrum Direct will help you make the best choice for your policy needs. Use Spectrum Direct's powerful quote engine to find the most affordable life insurance. Get a free, fast quote online or call to speak with an experienced insurance professional.

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