How to Get the Lowest Rates on Direct Term Life Insurance

Shawn Plummer

CEO, The Annuity Expert

Are you looking for the best deal on life insurance? If so, you need to check out direct term life insurance. This policy offers the lowest rates and is an excellent option for people looking for emergency coverage. This guide will discuss the benefits of direct-to-consumer term life insurance and how to get the best rates possible.

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What Is A Direct Term Life Insurance Policy?

Traditionally, buying life insurance involves visiting a life insurance agent in person and waiting weeks or months for paperwork processing.

What is a direct-term life insurance policy? This type of policy means you buy it straight from a life insurance company or agency instead of an insurance agent. You can usually buy it online or by phone. It’s easy to get covered this way, and you can do it when it’s convenient for you.

If you are looking for life insurance that is fast and affordable, direct-term life insurance may be the right choice for you.

How Do Direct Term Life Insurance Policies Work?

A direct-term life insurance policy is a type of life insurance that lasts for a specific time, usually 10 to 30 years. If you die while the policy is active, your family will receive a cash payout that they can use to cover any short- or long-term financial needs. Term life insurance is the most affordable, flexible, and detailed coverage available, making it the best choice for many families.

Term life is a simple life insurance policy. You can buy it directly from a life insurance company without needing an agent. Many resources are available online to help you choose the right approach. Here are a few places to start:

Ethos Life Insurance

Ethos Life Insurance is a permanent and term insurance company that offers no medical exam policies. So, if you’re looking for life insurance without going through a medical exam, Ethos could be a good option.

Sproutt Life Insurance

Sproutt Life Insurance offers “A” rated life insurance companies with no medical exam policies. So, if you’re looking for life insurance without going through a medical exam, Bestow could be a good option.

What Is Direct Term Life Insurance?
Direct Life Insurance

Advantages Of Direct Term Life Insurance

When you buy a term insurance policy, you get financial security and peace of mind without the hassles of buying insurance. Some of the advantages include the following:

  • Online purchasing is a convenient way to shop. You can do it on your own time, in the safety and comfort of your home.
  • You can get term life insurance quickly without waiting for an appointment with an insurance agent. The plan will start immediately, and you can delay a medical exam for up to six months or even skip it entirely.
  • If you need help, it is there for you. You are in charge of buying life insurance. So you don’t have to worry about someone trying to sell you something. But if you get stuck or have questions, don’t worry. Some people can help you.

Direct Term Life Insurance Vs. Whole Life Insurance

Term life insurance provides coverage for a set period, whereas whole life insurance lasts your entire lifetime. Whole life also has a cash value component you can access while living. You can buy term life or whole life directly.

Term life is much cheaper and more flexible than whole life. That’s why many families choose it. However, whole life can be a good choice if you want lifelong coverage and to leave a legacy for your loved ones. You should consider how long you’ll need coverage, how much you’re willing to pay for premiums, and whether you’ll need to access cash from the policy during your lifetime.

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Shawn Plummer

CEO, The Annuity Expert

I’m a licensed financial professional focusing on annuities and insurance for more than a decade. My former role was training financial advisors, including for a Fortune Global 500 insurance company. I’ve been featured in Time Magazine, Yahoo! Finance, MSN, SmartAsset, Entrepreneur, Bloomberg, The Simple Dollar, U.S. News and World Report, and Women’s Health Magazine.

The Annuity Expert is an online insurance agency servicing consumers across the United States. My goal is to help you take the guesswork out of retirement planning or find the best insurance coverage at the cheapest rates for you. 

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