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"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
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"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.
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With PolicyHub getting started is easy. Compare all the Term Life Insurance rates from all the providers in Des Plaines, 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.
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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 Des Plaines, IL.
Frequent Questions...
In Des Plaines, IL, term life insurance provides an affordable, protective way to ensure that your family and loved ones are secure financially in the event of your untimely passing. Term life insurance provides a death benefit to the beneficiary that is large enough to replace lost wages and pay off debts, and can help to ensure that your family’s long-term financial goals can remain achievable without the burden of additional expenses. Term life insurance can be a great way to provide financial security for the future of your family.
Why choose term life insurance quotes in Des Plaines over permanent options?
Someone in Des Plaines, IL might choose term life insurance over permanent types because they want to be able to provide financial security to their family without breaking the bank. Term life insurance offers a large death benefit, but at a much lower cost than a permanent type insurance policy. The other advantage of a term policy is that it offers flexibility if one's circumstances or financial needs change. With a term policy, you can choose to terminate the policy or renew it if desired.
Are there age limits for a term life insurance policy Des Plaines?
In Des Plaines, IL, the age range for eligibility to buy a term life insurance policy will vary by provider. Generally, most insurers offer policies to people between the ages of 18 and 85. It's important to note that once you reach a certain age (generally between 65-80, depending on your insurer) you may no longer qualify for a traditional term life insurance policy, but you will still be able to purchase a whole life policy or a modified term life policy. It's best to shop around and compare pricing to find the best coverage option that fits your age and budget.
Can I get a premium refund if I cancel my term life insurance near Des Plaines?
Yes, you may be able to get a refund if you cancel your term life insurance in Des Plaines, IL. It depends on the specific terms and conditions of your policy and when you choose to cancel your policy. If you cancel early enough, you may be able to receive a full or partial refund of any unused premiums you have paid, although not all companies offer this option. Before making a decision to cancel, it is wise to contact your life insurance provider to discuss whether or not you are eligible for a refund.
What medical tests are required for a term life insurance quote Des Plaines?
In Des Plaines, IL, it is likely that the term life insurance provider you choose will require a medical exam in order to accurately assess your health and determine the terms of your coverage. The test typically consists of basic measurements such as height, weight, and blood pressure, and possibly a blood sample and urine sample. It is also possible that the provider may request that you provide answers to questions about your medical and family history. Upon completion of the medical tests and review of the results, they will be able to determine the amount and terms of your coverage.
Yes, you can have multiple beneficiaries in Des Plaines, IL. Beneficiaries are individuals or entities who are entitled to receive benefits from a will, trust, insurance policy, retirement plan, annuity, or other arrangement. If you want to divide your estate among different people or organizations, you can designate multiple beneficiaries on your plan or document. Each beneficiary could receive a different dollar amount, percentage, or share, and it is important to understand the different options available to you.
How quickly are benefits paid out with term life insurance policies near Des Plaines?
In Des Plaines, IL, the amount of time for a beneficiary to receive a payout typically depends on the specific type of payment and the method of payout. Generally, if the payment is made electronically through direct deposit, the beneficiary can receive the payment the same day, or within 1-2 business days. Additionally, if the payment is made via paper check it may take an extra 3-5 business days for the beneficiary to receive the payment. If the payment is made in the form of a wire transfer, then it could take only a couple of hours for the beneficiary to receive the funds.
What's a return of premium rider in term life insurance in Des Plaines?
A Return of Premium Rider is a unique form of insurance that is available to Des Plaines, IL residents. It is a contract rider that allows the policyholder to receive back all of their previously paid premiums if their policy term ends in good standing. This type of rider can be beneficial to policyholders in certain financial situations, as it adds a degree of financial security and can be a valuable tool for reducing overall risk. Unlike standard life insurance policies, some return of premium riders may add an extra death benefit under certain criteria.
Should I only depend on a employer-provided Des Plaines term life insurance policy?
It is important to consider all of your options when it comes to life insurance. Term life insurance is an affordable option, however if you are living in Des Plaines, IL, and want to ensure that you and your family are adequately protected, then you may want to look into the permanent life insurance plans that are available. Permanent plans can provide lifelong protection and have features such as cash value accumulation. It is important to ensure that you have the right coverage to meet your needs. Therefore, relying solely on term life insurance provided by your employer may not always be the best choice.
How do I check the legitimacy of a Des Plaines term life insurance company?
To verify the credibility of a term life insurance provider in Des Plaines, IL, it is best to start by checking the Better Business Bureau website for ratings, reviews and complaints. It is also beneficial to research the provider's financial stability rating to ensure they are able to provide coverage and pay out claims. Additionally, consider customer feedback from trusted sites like Yelp or third-party reviews. Finally, contact the Illinois Department of Insurance to get an overview of the company's reputation, as well as any disciplinary actions taken against them.
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