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  1. Jan 11, 2024 · Term Life Insurance: A type of life insurance with a limited coverage period. Once that period or "term" is up, it is up to the policy owner to decide whether to renew or to let the coverage end ...

    • Julia Kagan
    • 2 min
  2. Jul 1, 2024 · The maximum issue age for term life insurance averages age 74, for a 10-year term life policy, according to a Forbes Advisor analysis of term life insurance companies. We found maximum issue ages ...

    • Deputy Editor, Insurance
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  3. Lower costs: Term life insurance only covers you for a set time, resulting in a lower rate than whole life insurance policies. In fact, $250,000 of term life insurance coverage starts at $16 per month through eFinancial. Read the associated disclosure for this claim. More coverage: Because of the low cost of buying term life insurance, you can ...

    • Guardian Life. Bottom line: Guardian offers term life policies in a range of term lengths, and opens its coverage to applicants living with HIV — a condition that can make it hard to find life insurance.
    • MassMutual. Bottom line: MassMutual offers standard term life insurance and an annual renewable policy, as well as free coverage for low-income parents under its LifeBridge program.
    • Northwestern Mutual. Bottom line: Northwestern Mutual received fewer complaints relative to its size than any other insurer on our top companies list, making it a solid choice for customer experience.
    • New York Life. Bottom line: New York Life offers two term products, including a policy that can be renewed annually. on Nerdwallet. Financial strength rating.
  4. Apr 5, 2024 · Term life insurance offers temporary coverage for a specific period of time, such as 10, 20 or 30 years. As long as you keep up with your premium payments, your insurer will pay a sum of money to ...

  5. Jun 20, 2024 · Why we chose it: State Farm has the highest J.D. Power score for customer satisfaction on our list. State Farm is our 2024 Bankrate Awards winner for Best Term Life Insurer for the third year in a ...

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