Short Term Life Insurance

Insurance Quotes -> Life Insurance -> Life Insurance Policy Types -> Short Term Life Insurance

Short term life insurance can protect your family or business from an unforeseen death, at a reduced cost compared to whole life insurance. The short term life insurance policy refers to a term of five years or less, while the coverage meets the customer's requirements for life insurance. Short term life insurance policies can be written to cover as little as $25,000 or as much as $2 million. The death benefit from a short term life insurance policy can help off-set medical expenses, funeral costs, college tuition fees, or loan repayments.

Rates for Short Term Life Insurance

Many top companies offer short term life insurance, including AIG, State Farm Insurance, USAA and Prudential Insurance. All companies have varying short term life insurance rates. These short term life insurance rates are based upon the age, lifestyle, and health of the individual being insured. The short term life insurance policy is considered temporary and therefore offers low cost term life insurance rates, as compared to permanent life insurance.

Benefits of Low Cost Short Term Life Insurance

The biggest benefit of a short term life insurance policy is that the short term life insurance rates stay the same for the entire policy period, for example five years. Meaning, once you lock in your premium, you will not have to change your short term life insurance rates until the five years is up. At that time, you will be given a chance to renew your short term life insurance policy or to do away with it. If your need was temporary and has expired, then you can let the short term life insurance policy go. There will be no penalty. However, as you get older, the premium for life insurance as short term insurance will certainly go up, as your health risk goes up.

Like all term insurance, as opposed to whole life insurance, short term life insurance does not build cash value.

Information on short term life insurance, including free quotes on low cost short term life insurance. Short term insurance is cheaper than whole life insurance.

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