If the insured person is still alive after the period then they can then buy another one year policy. The young family begins with term life insurance and then makes changes as the key money earners age. This is because premiums - even for the cheaper type of policies - can vary from provider to provider, so by getting a life insurance quote first, you can shop around for the most competitively priced life insurance policy. Offer life insurance protection for a specified amount of time. Term coverage expires after a set term of 5, 10, or 20 years (except for term to 100 insurance). Each year the potential policy holder must pass a medical exam. It has a level death benefit as well as a level premium. You will have to complete the online application for life insurance answering a series of questions regarding your age, gender and the state of your health. Unlike the mortgage life insurance, the mortgage term life insurance retains amount of coverage as the borrower pays off the mortgage. Sometimes, it is not necessarily advantageous for the beneficiary to repay the mortgage. The rise in popularity of term life insurance in recent years has caused the insurance industry to really look at themselves. The premium rate for each age group depends on the insurance company. Should that be a wholesale aggregator with a web site or a trained professional you trust who has to look you in the eyes for as long as you all shall live? You decide. However, life insurance is important to both you and your beneficiary. Insurance companies know that your needs for insurance will last for as long as you live, so they want you to keep paying for insurance far beyond that initial term period. So, the family, co-borrowers, and co-guarantors can do whatever with the amount coverage. Term coverage expires after a set term of 5, 10, or 20 years (except for term to 100 insurance). *****************************************Brad Triggs provides more information and free insurance quotes at his website:My-Insurance-Quotes.com - Group Term Life Insurance*****************************************. Most policies are designed with a level death benefit as well as a level premium. They have less paperwork to handle, and are guaranteed multiple accounts from one sale - which is their incentive for offering this type of policy. He has represented some of the largest and most admired life insurance companies in the United States as well as Canada. Wayne Messick is an investigative reporter whose web site offers over three hundred life insurance articles o help you understand the power and importance of life insurance for your family and your business. This is quite similar to the 20 year term policy except that it has 5 years on the 20 year term and is a little more costly. Quite often you feel that an ad for life insurance no medical exam is trying to rip you off. Can be purchased as traditional whole life insurance policies, universal whole life insurance policies, or variable universal whole life insurance policies, which gives the policyholder a wider range of options from which to choose. Buying a convertible term life insurance policy will put you in control since will be able to convert to a permanent type of coverage at a later time, without having to prove that you are still insurable. Group term life insurance is a great benefit to provide to employees and is much cheaper than a comparable number of individual life insurance policies.