Start Earning Now

3 Steps to start earning


Create an account

Creating an account would not take you more than 3 minutes. You only need to provide your email, username and a password. You can also use your social accounts like Facebook and Google for a quicker registration!


Shorten and share links

After you create an account, you can use one of our powerful tools to shorten links that you want to share. If you have a website, you can easily shorten its links using our fully customizable full-page script.


Earn money

Once you share the links with potential visitors, you get paid for each visit to your links based on our payout rates, and you can withdraw your earnings immediately once you reach the minimum withdrawal amount.

What Is Term Life Insurance

Do you ever ask yourself questions like, "What would happen if something happened to me?", or wonder how your loved ones could manage without your income? These can be tough questions to answer but one way to help provide security and peace of mind for both you and your family is by having life insurance.

While there’s no foolproof way of knowing ahead of time what unfortunate circumstances may arise in the future, term life insurance gives families a plan for the unexpected. It's an important decision that needs to be made so let's take a closer look at what term life insurance is and all it has to offer!

In this article, we'll cover the basics of term life insurance and why it's important to have.

1. What Does Term Life Insurance Cover?

When it comes to life insurance, there are a lot of options available for you to choose from. Term life insurance is one of the most popular options out there as it guarantees a set death benefit payout to your beneficiaries, but only for a set period of time. The coverage period can range from one to 30 years and will depend on your needs and preferences.

Here, we will discuss the most common features of term life insurance coverage and what it covers.

  • Death Benefit Payout: Term life insurance is designed to provide financial protection for your loved ones upon your death. If you pass away during the term of the policy, your beneficiaries will receive a death benefit payout based on the amount of coverage that you selected. The death benefit payout is typically tax-free and can be paid in a lump sum or installments, depending on your beneficiary’s choice.

  • Terminal Illness: Most term life insurance policies offer a terminal illness rider, which means that if you are diagnosed with a terminal illness and have less than a year to live, you can access a portion of your death benefit payout while you are still alive. The percentage of the payout that you can access will depend on the insurance company and the policy that you have selected.

  • Accidental Death: Many term life insurance policies also include accidental death coverage, which pays an additional death benefit amount if you die as a result of an accident. This amount is typically in addition to the base death benefit amount that you have selected and can provide an added layer of financial protection for your beneficiaries.

  • Convertibility: Some term life insurance policies provide a convertibility option, which means that you can convert your policy into a permanent life insurance policy without having to go through another medical exam. This option can be especially useful if your health has declined since the time you first purchased your policy.

  • Medical Exam: One of the most significant benefits of term life insurance is that most policies do not require a medical exam. Instead, you will be asked a series of health questions when you apply for the policy, and your answers will determine your eligibility and the cost of your premiums. If you are in good health, you can often get affordable coverage quickly and easily.

In terms, life insurance is an excellent choice for those who want to protect their loved ones financially in case of their untimely death. The coverage provided by term life insurance policies typically includes a death benefit payout, terminal illness, accidental death, and convertibility, and may not require a medical exam.

Before choosing a policy, it is essential to determine your needs and preferences and to work with a licensed insurance professional to ensure that you have the right coverage for you and your family.

2. What Are The Advantages of Term Life Insurance?

Life is full of surprises, and it's prudent to be prepared for the unexpected. This includes safeguarding the financial stability of your loved ones when you're no longer around. When considering life encounter various types, including term life insurance. Term life insurance is an affordable and uncomplicated policy that offers protection for a specific duration.

So, we will discuss the advantages of term life insurance and why it may be the best option for you.

  • Affordable Premiums: Term life insurance provides affordable premiums, making it an ideal option for people on a tight budget. It offers death benefit coverage for a specified period, typically between 10 and 30 years. During this period, your premiums remain steady, and you pay less than you would for other life insurance policies. The lower premiums make it easier to maintain your coverage and give you peace of mind knowing that your loved ones will be protected.

  • Coverage Flexibility: Term life insurance offers flexibility since you can choose the length of coverage that suits your individual needs. You can select the length of the policy depending on the coverage amount and the period you expect to be responsible for. For example, you may consider coverage for a period of 20 years to secure your children's education or 30 years to pay off your mortgage. In this way, term life insurance can protect you from the financial burden that your loved ones may face if you pass away during the policy period.

  • No Cash Value: Unlike whole life insurance, term life insurance has no cash value component. Rather than accumulate cash value, term life payments go toward the death benefit, ensuring that your loved ones will receive the full amount of the policy if you pass away during the term. If you outlive the policy, there is no cash value, but that also means you paid less for the coverage.

  • Supplement Permanent Insurance: Term life insurance can also supplement permanent insurance, such as whole life insurance. You may require a greater amount of coverage depending on changes in your family's circumstances like marriage, children, or purchasing a new home. You can add on term life insurance for a specified period to increase the death benefit, providing you with the requisite coverage your family needs.

  • Peace of Mind: Knowing that your loved ones will be protected financially after your death provides peace of mind. Having term life insurance means that no matter what unforeseen circumstances occur, your family will be taken care of. That also means that you can focus on creating memories with your loved ones and living your life without worrying about what would happen if you were no longer there to provide for them.

So term life insurance is an excellent option for anyone seeking affordable, flexible, and comprehensive life insurance coverage. It provides peace of mind, death benefit coverage, and flexibility.

Choosing term life insurance ensures that no matter what life throws your way, your loved ones will always be financially secure in your absence.

When looking for life insurance, consult with an insurance agent and discuss your family's needs to determine if term life insurance is right for you.

3. Who Needs Term Life Insurance and Why?

Life is fragile, and we can never be certain about what the future holds for us. Therefore, it is essential to have a backup plan in case of unforeseen circumstances.

We all want our loved ones to have a financially secure future, and one way to ensure this is through life insurance. Term life insurance is one of the most popular types of life insurance because it is affordable and provides coverage for a specific period.

Here, we will discuss who may need term life insurance and the reasons why it's an excellent choice for them.

  • Young Families: Young families with children have numerous financial obligations. The death of a parent or spouse can dramatically impact the family's financial stability. The expenses for childcare, education, and other essential needs can become a burden. Term life insurance is an excellent option for young families who want to ensure their children's future if something should happen to them. Term life insurance is more affordable than permanent life insurance, and it provides a death benefit for a specific period, usually 10-30 years. As your children grow up and become financially independent, the coverage of your term life insurance can be adjusted accordingly.

  • Business Owners: If you own a business, you already know how hard you have worked to make it successful. Your business has employees, clients, and other obligations that require your attention and financial support. The absence of a key employee or business partner due to their untimely death can cause significant disruptions to the operations, financial stability, and succession planning of the business. Therefore, it is important to consider term life insurance policies for the key personnel within the company to ensure business continuity in the event of an unexpected death.

  • Debt Holders: If you have outstanding debts such as a mortgage or car loan, it's a great idea to buy a term life insurance policy. This ensures that your loved ones are not saddled with debt after you have passed away. With life insurance, they can pay off their debts and move forward with their lives without financial burdens.

  • Stay-at-Home Parents: Stay-at-home parents may not have traditional jobs, but they do a significant amount of work caring for children and taking care of the home. Replacing the services they provide would be expensive and difficult, and the absence of such services creates a significant impact on the family. Term life insurance coverage can help replace the services provided by a stay-at-home parent.

Buying term life insurance is a smart financial decision for anyone who wants to ensure the well-being of their loved ones if the unexpected were to happen.

The coverage amount, policy length, and premiums are all customizable and can be tailored to fit your needs. Term life insurance offers peace of mind for everyone, including young families with children, business owners, debt holders, and stay-at-home parents.

Speak to a licensed life insurance agent today to know more about how you can protect your loved ones and secure their future with term life insurance.

4. How Much Does Term Life Insurance Cost?

Life is unpredictable, and that's why it's essential to consider term life insurance as a financial safety net. Having a term life insurance policy in place can provide financial protection for your loved ones when you're no longer there to support them.

But before you buy a policy, you may be wondering how much term life insurance costs. So, we'll break down the factors that impact the cost of term life insurance.

  • Age: The younger you are, the lower the cost of term life insurance. At a younger age, you're typically in good health, and the risk of death is lower. The older you get, the more significant the risk of health issues, which can increase the cost of coverage. For example, a 30-year-old can get a $500,000 policy for about $20 per month, whereas a 50-year-old will pay closer to $80 per month.

  • Policy Term: The term of your life insurance policy is an important factor in the cost of your coverage. A longer policy term means more potential risk for the insurer, and therefore a higher cost for you. As an example, you'll pay more for a 30-year policy than a 10-year policy for the same amount of coverage, assuming other factors stay the same.

  • Medical History: Your medical history will have a significant impact on what you'll pay for term life insurance. If you have chronic medical conditions like diabetes or heart disease, you'll likely pay more for coverage. On the other hand, if you're generally healthy, you'll enjoy lower rates. As a preventative measure, shop around for competitive written questionnaires or interview-style policy applications when considering quotes that help you find the best rate.

  • Gender: Statistically, women live longer, and therefore, they often tend to pay less for term life insurance coverage than men. The difference in rates isn't significant, but it can play a role in determining the insurance premium that you'll pay. Given the affordability, it's often a wise choice for women to consider purchasing a higher coverage amount.

  • Lifestyle Factors: The way you live also constitutes a factor that affects the cost of term life insurance. Insurance providers offer lower rates to non-smokers because of the significant health risks smoking poses. Engaging in dangerous leisure activities such as skydiving may also raise concerns for the insurance providers that could increase the cost of your policy.

Now that you're equipped with an understanding of the factors that impact the cost of term life insurance, you're in a better position to research and compare coverage options.

The cheapest rate isn't always the best value. Selecting coverage should be based on your specific needs and what you can't cover on your own.

So, consider what you need to protect analytically, and then choose coverage that gives you the resources to secure your loved ones' future.

5. How to Apply for Term Life Insurance?

Have you ever thought about the future of your loved ones after you pass away? While it may not be a pleasant topic to think about, it’s important to plan ahead for the unexpected.

One way to provide financial security for your loved ones is through term life insurance. It is a policy that has a specific length of time and pays a death benefit to your beneficiaries if you pass away during the policy term.

So there, we will walk you through the steps on how to apply for term life insurance, so you can feel confident in your decision to protect your loved ones.

  • Determine your coverage needs: The first step in applying for term life insurance is to figure out how much coverage you need. Consider your annual income, your debts, and the number of people you’d like to provide for. Some people opt for coverage that is 10-12 times their annual income, but ultimately the amount of coverage you need depends on your individual circumstances. Once you have an estimated number, compare quotes from different life insurance companies to determine the coverage that best suits your needs.

  • Complete an application: Once you have determined your coverage needs and found a life insurance company, you will need to complete an application. Most applications can be completed either online or by paper and usually take about 20-30 minutes to complete. The application will ask about your health history, your lifestyle, and any medical conditions you may have. It is important to be truthful and thorough when answering these questions to ensure you receive accurate pricing and underwriting.

  • Medical exam or no medical exam, that is the question: Depending on the coverage desired, a medical exam may be necessary. Insurance companies often provide policies up to a certain coverage amount without requiring an exam. However, higher coverage requires a medical evaluation to assess overall health. The exam consists of height and weight measurement, blood and urine sampling, and recording of blood pressure and pulse. This complimentary exam can be conducted at a medical facility or in your own home.

  • Review and sign your policy: After completing the application and medical exam, your insurance company will review your application to assess your risk level and build your policy. Once the assessment is complete, your insurance company will provide you with a final quote and policy details. Review the policy carefully to ensure it is what you had agreed to and meets your needs. If you are satisfied with everything, you will be asked to sign your policy, which will then become binding and provide protection for your loved ones.

  • Pay for your policy: The final step in applying for term life insurance is to make your first premium payment. You can choose to pay premium payments monthly, quarterly, semi-annually, or annually, depending on your preference and your budget. Once payment has been received, your coverage will begin.

Purchasing term life insurance doesn’t have to be complicated. All it takes is a little planning and research.

By following these simple steps on how to apply for term life insurance, you can feel confident in your decision to protect your loved ones and ensure their financial security if the unexpected happens.

Remember, taking out this type of policy can help you sleep well at night knowing that you have protected your family's future.

Final Thoughts on Term Life Insurance

Term life insurance is one of the best choices available to provide financial security for you and your loved ones. It offers peace of mind when you’re presented with factors beyond your control such as death, disability, or critical illness. With the many advantages, it brings, like affordable premiums, customizable coverage, and guaranteed income for beneficiaries, term life insurance provides financial protection for those moments that wouldn’t be possible without it.

Understanding what policy works best for your current situation should be a priority in order to make sure you are getting the most suitable coverage option possible. Knowing how different kinds of policies work and what questions to ask when selecting one are both paramount steps toward making an informed decision about which type of policy best fits your needs.

After comparing all the available options and weighing out their benefits and drawbacks from each other, now you are in a better position to make an educated choice that will support your present and protect your future.

FAQs: What Is Term Life Insurance?

Q1: Who should purchase term life insurance?

A1. Term life insurance is ideal for anyone looking to provide financial security for their family in the event of death, disability, or critical illness. It is an affordable way for young adults and families to ensure that their loved ones will be taken care of if something happens to them.

Q2: What type of term life insurance should I buy?

A2: The best way to determine what type of term life insurance is right for you is to consider your current financial situation and the amount of coverage you need. Talk with an insurance professional about your goals and needs in order to find the best option that fits both.

Q3: How long does term life insurance last?

A3: The amount of time you are covered depends on the type of policy you purchase, but most coverage ranges from 10-30 years. It is important to read through the details of your policy in order to understand how long you will be covered and keep in mind that any changes made to the policy may impact the length of the coverage.

Q4: Is term life insurance more expensive than permanent life insurance?

A4: Yes, term life insurance is more expensive than permanent life insurance. However, it is also easier to obtain.

Q5: How do I know when my term life insurance policy is about to expire?

A5: Your insurance company will typically send you a reminder letter or email before your policy is up for renewal. It’s important to keep track of when your term life insurance policy is about to expire so that you can renew it if necessary.