25-Year Term Life Insurance
When a main provider of a household passes away, it can create major financial instability for the family members left behind. Life insurance can provide replacement income to designated beneficiaries should the policy holder pass away during the selected period.
Term life insurance is a popular option among most people as it’s a typically inexpensive way to protect your loved ones. It’s available in many lengths, typically up to 30 years, and at SelectQuote, we can help you decide which term length is right for you.
Is a 25-year term life insurance policy right for you?
When you’re trying to plan for all the possible scenarios the future might bring, it’s good to have options, but trying to determine what you need and for how long can be a lot to take on alone. At SelectQuote, we understand this, which is why we take the time to understand your expectations and future plans before determining which option might be best for you.
In addition to 10, 15, 20 and 30 term options, we believe it’s crucial for our carriers to provide a 25-year term length (one you don’t see often). Let us help you figure out what term length is best for your situation and needs.
What’s better: 25-year or 30-year term life insurance?
Typically, the answer is different for different people and can be narrowed down to price; what you can afford and what you can save. This is also true when comparing 20-year term life insurance and 25-year.
That said, there are several other factors to consider in addition to cost, like your age, family makeup, current financial responsibilities, and future plans. People looking at longer-term plans tend to be younger, as they might be carrying more debt, have a growing family, have a mortgage or other loan responsibilities.
While the bottom line is important, an additional five years of coverage can provide an extra cushion of financial security in the event a primary earner passes away.
We can help you review all the advantages and prices difference from top-rated insurance companies in just minutes.
Steps Following the Expiration of Your Policy
Just like car or health insurance, life insurance is a protection against the unexpected. You hope it never gets used, but there’s comfort in knowing it’s there for “what if” scenarios.
That said, it’s also smart to plan ahead instead of waiting just before or after your policy expires. To avoid expensive or limiting options, let SelectQuote help you shop around for a new policy while you’re still covered. You can talk more in-depth about how your life has changed over the last several years and what your plans for the future look like.
We can help you find another policy that’s a good fit for your family and budget, whether it’s switching to another term policy or converting to permanent life insurance (also known as whole life insurance).
Comparing 25-Year Life Insurance Rates
It pays to compare rates on 25-year term life policies because oftentimes, similar plans can be drastically different in cost from one carrier to another.
While an online quoting engine can be convenient, they don’t always allow you to compare rates, benefits or take into consideration additional information like pre-existing conditions, hobbies, work environments, etc.—stuff that might be easier to explain to an actual person. We can provide an unbiased price comparison while taking into consideration all facets of need and situations.
Explore the Cost of Term Life Insurance
Most people have no idea how much life insurance they need or what it should cost. SelectQuote’s quick look calculator can compare different term lengths and coverage amounts prior to talking with a licensed agent.