30-Year Term Life Insurance
When a main wage earner of a household passes away, it can create a financial burden for the family members left behind. Life insurance can give you peace-of-mind, as replacement income can go to designated beneficiaries should the you—the policy holder—pass away during the selected period.
Term life insurance is a common life insurance option as it’s often an inexpensive way to protect your loved ones. It’s available in many lengths, typically ranging up to a 30-year term life insurance policy, and at SelectQuote, we can help you decide which term length is right for you.
Is a 30-year term life insurance policy right for you?
Some factors to consider whether a 30-year term is right for you include age, income, family makeup, current financial responsibilities and future plans. It can be a complex search to take on alone, but we can find plan options that match your needs and budget.
For example, a 30-year term life policy might be a good fit if you and your spouse just bought your first home and base your mortgage on paying with two incomes. If something unexpected happens to one, a 30-year term life insurance policy could provide replacement income to ensure the mortgage continues to get paid for and the other can comfortably remain in the home. This would be especially important security if children were also left behind.
There are numerous scenarios where purchasing a 30-year term length policy makes good financial sense, from ensuring your family can pay off any large debts to making sure future plans don’t have to be extremely altered if you’re the main provider.
Let us help you figure out what term length is best for your situation and needs.
Steps Following the Expiration of Your Policy
Simply put, life insurance protects your family in the event of an unexpected loss. You hope it never gets used, but there’s comfort in knowing it’s there in case something happens.
It’s also important to plan ahead instead of waiting right before (or after) your policy expires. One of the best ways to avoid an increase in price or limitations in coverage is by connecting with us before your current policy is up. You’ll be able to discuss any changes since securing your last policy and talk more in-depth about what future plans.
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 30-Year Life Insurance Rates
It’s worth taking some time to compare rates to 30-year term life policies because oftentimes, similar plans can vary by hundreds of dollars from one carrier to another. An online quoting engine can seem convenient, but it won’t always take into consideration additional information—like a pre-existing condition, hobbies, work environment, etc. We can provide an unbiased price comparison while taking into consideration all facets of need and situations.
Explore the Cost of Term Life Insurance
How much life insurance you need and how much it will cost varies from person-to-person. Use SelectQuote’s quick look calculator for your personalized recommendation before talking with an agent.