Compare over 37 Term Life Insurance policies in as little as 15 minutes.
With PolicyHub you get to compare over 37 Bloomington, IL Term Life Insurance policy providers in as little as 15 minutes. Save time. Save big. Get started now.
Find the perfect plan from over 37 providers
Your one-stop-shop to compare all the rates, all at once.
With PolicyHub you get:
Over 37 policy provider comparison.
Explore multiple policies from all the leading insurers and choose the one that fits your needs.
Locked in rate discount and exclusive deals.
Benefit from exclusive deals offered only to residents of your state, and lock in huge rate discounts.
Customized policies just for you.
Our team tailors policies to your unique needs, meaning optimal coverage at competitive rates.
"I was totally lost trying to find the right Term Life Insurance until I found PolicyHub. I was able to work with a licensed agent to compare all my options all at one. I got the perfect plan for me at a cheaper rate than I expected."
Barbara Winters
Policy Holder
ATTN: 2024 Term Life Insurance rates just released!
Get the latest Term Life Insurance rates for 2024 and lock in your policy today! Get started comparing policies right now.
Get the Term Life Insurance plan with the cheapest rates in 3 easy steps.
Done in 3 easy steps
Step 1
Tell us about yourself.
Finding the perfect life insurance policy starts with answering a few questions to help us serve you better.
Step 2
Compare rates & plans.
Discuss your options with a licensed insurance agent. Compare plans to find the best policy & cheapest rates.
Step 3
Lock in cheap rates.
Secure the lowest rates and lock in the perfect life insurance policy for you and your family.
"I lost hope trying to find a Term Life Insurance policy that wasn't insanely expensive. Thankfully PolicyHub helped me find the perfect policy that is affordable with high coverage. Thank you!"
Bill Barton
Policy Holder
PolicyHub is the smartest way to protect the people that matter most.
Safeguard Your Family
Term Life Insurance means safeguarding your family in a worst-case scenario. Don't risk it.
Gain Peace of Mind
Far too many Americans are financially blindsided by the death of a loved one. But not your family.
Protect Your Business
Protect your business by ensuring a smooth transition of ownership with the right life insurance.
Beat Estate Taxes
Inheritance or estate taxes is burdensome for your heirs. A life insurance policy can help.
Invest in Your Future
For less than $1 per day, you can make a huge contribution to your family's financial safety.
Build Your Legacy
Through a life insurance policy, you can leave behind a legacy for your loved ones.
Get started in less than 15 minutes.
With PolicyHub getting started is easy. Compare all the Term Life Insurance rates from all the providers in Bloomington, IL. Get started in under 15 minutes.
All your Term Life Insurance needs in one place.
Term life insurance is a type of life insurance that provides coverage for a specific period of time or "term". If the policyholder dies within the term, the death benefit will be paid out to the beneficiaries. However, if the policyholder outlives the term, the policy will either end or renew for a new term. It's typically less expensive than permanent life insurance.
Level term life insurance offers steady premium payments and death benefits throughout the policy term, ideal for those desiring long-term financial stability. Decreasing term life insurance, with a gradually reducing death benefit but consistent premiums, suits individuals with decreasing financial responsibilities over time.
Increasing term life insurance provides a rising death benefit while keeping premiums typically constant, appropriate for those foreseeing growing financial needs. Renewable term life insurance allows for policy extension after the term expires without a new health exam, suitable for those expecting prolonged need for coverage, albeit with potentially higher premiums.
Save time and get the best Term Life Insurance policy with the cheapest rates. Guaranteed.
![]() |
Option 1 | Option 2 | ||
---|---|---|---|---|
100% Digital | ||||
Licensed Agents | ||||
Expert Support | ||||
Get Started in 15 minutes | ||||
Decades of Experience | ||||
Compare 37+ Providers | ||||
Zero Hidden Costs | ||||
Top Insurance Providers |
Real PolicyHub testimonials...
"I knew I needed Term Life Insurance but I didn't know where to go. I talked with a few other companies but the cost was outrageous. I found PolicyHub and found the perfect plan for me at an affordable cost."
Wendy Smith
Policy Holder
Get matched with a 5-Star Term Life Insurance agent.
Roy Stephens
term life insurance agent
Roy Stephens is a licensed term life insurance agent licensed in your state.
Mark Sidway
term life insurance agent
Mark Sidway is a licensed term life insurance agent licensed in your state.
Cale Reeves
term life insurance agent
Cale Reeves is a licensed term life insurance agent licensed in your state.
"I was searching for Term Life Insurance but quickly found out that everyone was trying to sell me on policies I didn't need. Thankfully I found PolicyHub and get the cheapest rates and the right policy."
Nicole Nielson
Policy Holder
Introducing PolicyHub Price Match Guarantee
Our priority is to save you money while getting you the right coverage. If you find a lower rate for a similar policy anywhere else, we'll match it! With PolicyHub, you can rest assured knowing you're getting the best price for Term Life Insurance in Bloomington, IL.
Frequent Questions...
Term life insurance is well-suited for individuals living in Bloomington, IL who are in need of coverage over a specific period of time, such as those with young families or those financing long-term investments. It is an ideal form of life insurance for the family that is looking for a policy with proper coverage but also the flexibility to adjust as financial situations evolve. Furthermore, term life insurance provides a guaranteed death benefit in the event of a policy-holder’s untimely passing, all for a much lower premium than traditional life insurance.
Can I get both term life insurance quotes in Bloomington and whole life?
Yes, both term and whole life insurance policies are available in Bloomington, IL. Whether you decide that term life or whole life insurance is right for you, an experienced agent in the area can help you find the life insurance policy that meets your needs. Working with a qualified agent also ensures that you are aware of all the features available in both types of coverage and can make an informed decision. It is important to remember that both term and whole life insurance can be tailored to your individual circumstances and preferences.
Are there age limits for a term life insurance policy Bloomington?
Yes, there are age restrictions associated with buying term life insurance in Bloomington, IL. Generally, most providers in the area will require that you’re at least 18 years of age to purchase a plan. On the other end, there is typically no maximum age limit for purchasing coverage, however, many companies may not offer plans to individuals over a certain age. It's important to note that even if one carrier will not offer a plan to you, it doesn't mean others won't.
What payment options are available for term life insurance near Bloomington?
In Bloomington, IL, a range of payment frequencies are available for premiums. This includes making monthly, quarterly, semi-annual or even annual premium payments. Depending upon your specific policy requirements, many leading insurance companies will offer you flexible payment plans to help make the premiums fit into your budget. Some of these flexible options often include strictly electronic payment via bank account or credit card or a combination of options such as electronic and mail payments. Ultimately, moving forward with the right plan can help make managing your premium payments easy and stress-free.
How does my health affect my term life insurance quote Bloomington?
Residents of Bloomington, IL can get an edge when it comes to purchasing term life insurance. Many health conditions can adversely affect one’s premium rates; however, many insurance providers have partnerships with local hospitals that specialize in preventive medicine, meaning that the healthier you are in Bloomington, IL, the better your term life insurance rates can be. Having a doctor certification of your health can further reduce your rates. Ultimately, the better your health, the lower your premiums could potentially be.
Yes, you can have multiple beneficiaries in Bloomington IL. Each beneficiary will receive a portion of the assets as specified in the will or trust. The number and percentages of the assets for each beneficiary may be determined by the settlor, and may be changed according to Bloomington's state law. It's important to keep in mind, however, that depending on the complexity of your estate plan, it may be necessary to work with a professional estate planning attorney in Bloomington who can make sure that the terms of your will or trust are legally binding and properly executed.
Are death benefits from term life insurance policies near Bloomington taxable?
In Bloomington, IL, the answer to the question whether death benefits are taxable is yes. They would be included in the deceased's owned assets that are subject to taxation. Generally, death benefits are received from life insurance proceeds, social security, veterans' benefits, retirement accounts or annuities, and some survivor and death benefits may be taxable. To determine the taxability of death benefits, it is important to consult with an experienced tax advisor who can help to minimize the taxable amount or exclude it altogether from your final return.
What riders are available for term life insurance in Bloomington?
In Bloomington, IL, additional riders can be added to term life insurance policies that will further protect your loved ones. Two common additional riders are the Accelerated Death Benefit Rider and the Waiver of Premium Rider. The Accelerated Death Benefit Rider allows insured individuals to receive a portion of their death benefit earlier when facing a terminal illness. The Waiver of Premium Rider ensures that premiums are waived if the insured individual becomes disabled and is unable to work. Adding either of these riders can provide your loved ones with extra financial protection.
Is a joint Bloomington term life insurance policy available for couples?
Absolutely! At our office in Bloomington, IL, we offer joint term life insurance policies designed to meet the needs of couples who would like to secure coverage for their entire family. Our products are tailored to fit different lifestyles, provide financial security to your surviving spouse, and even allow for policy cancellation in the event of a divorce. Secure the future of your family with a joint term life insurance policy—contact us today for a free quote and more information about our services.
How do I apply with a Bloomington term life insurance company?
Residents of Bloomington, IL who are interested in applying for term life insurance can start by speaking to a trusted local insurance broker for guidance tailored to their individual needs. They can then compare coverage and rates to find an option that best suits their circumstances. Once a policy is chosen, the broker can fill out the application and guide the customer through the process of submitting the necessary documents and answering any questions that may arise.
Compare Bloomington, IL Term Life Insurance Policies
Get started today and compare over 37 Term Life Insurance providers in as little as 15 minutes.
© 2024 PolicyHub - all rights reserved