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With PolicyHub you get to compare over 37 Lakewood, OH Term Life Insurance policy providers in as little as 15 minutes. Save time. Save big. Get started now.
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Over 37 policy provider comparison.
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Benefit from exclusive deals offered only to residents of your state, and lock in huge rate discounts.
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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
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Tell us about yourself.
Finding the perfect life insurance policy starts with answering a few questions to help us serve you better.
Step 2
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Discuss your options with a licensed insurance agent. Compare plans to find the best policy & cheapest rates.
Step 3
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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 Lakewood, OH. 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.
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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 Lakewood, OH.
Frequent Questions...
Term life insurance is best suited for growing families in Lakewood, OH, who are on the younger side. Consider a family with two young children who is just starting out, with a mortgage, and two incomes. Term life insurance can provide an affordable coverage that can, in case of a death, help cover the cost of the mortgage, and also provide income for the surviving partner. Term life insurance provides a chance to protect family finances and guarantee that the family will be provided for, should the unthinkable occur.
How do I switch from term life insurance quotes in Lakewood to whole life?
In Lakewood, OH, you can change from your term to your whole life insurance so you can continue to protect your loved ones and secure your legacy. Depending on the insurance policy you have, you can switch options anytime during the term. Once you make the switch, you can either pay your premiums in lump sum payments, or you can spread out the payments and make smaller premiums throughout the life of the policy. By switching to a whole life policy, you also will be letting your savings compound each year, and you also will receive dividends from your policy.
Are there age limits for a term life insurance policy Lakewood?
Yes. The age restrictions for buying term life insurance policies will vary depending on the insurance company and policy type chosen. For example, in Lakewood, OH, most major life insurers have the following age restrictions for term life insurance plans: potential buyers must be at least 18 years old but typically not over 80 or 85; policyholders over 70 may receive a modified premium or benefit rate. Additionally, some policies have a maximum entry age of 64 and older applicants may only qualify for a reduced coverage amount.
Do premiums with term life insurance near Lakewood increase with age?
In Lakewood, OH the premiums for health insurance can increase as you age based on the policies. Generally premiums will increase as the risk of costly medical expenses increases with age. These factors are taken into consideration when setting rates, but the extent of an increase in premiums will vary based on the provider, the plan selected, and the insurance law applicable to Lakewood and the state of Ohio. It's important to compare different plans to ensure you are getting the coverage you need at the best rate.
How does my health affect my term life insurance quote Lakewood?
In Lakewood, OH your health has a direct impact on your term life insurance rates. Insurance companies generally offer better rates to those who are in good health than those with more health risks. A positive medical report can often help you to obtain a lower premium or an automatic approval, in some cases. Additionally, smoking can increase your rates and encourage the insurance company to classify you as high-risk and therefore more costly to insure. It is important to maintain the best lifestyle habits in order to have the most favorable outcome when attempting to secure a term life insurance policy in Lakewood, OH.
Yes, you can certainly have multiple beneficiaries in Lakewood, OH. There are a few ways to go about adding additional beneficiaries to your plan. You may be able to add supplemental beneficiaries to your policies by filling out a form that is available through your agent or insurer. If you are unsure of the process, it's best to contact your agents for help. If you need to adjust the beneficiary of a plan after it has been set up, you may need to fill out a separate form and submit it to your insurer or agent.
How are death benefits paid out in term life insurance policies near Lakewood?
In Lakewood, OH, the death benefits from term life insurance are paid out to the beneficiaries as a lump sum, directly upon request. Typically, the beneficiaries receive the death benefit funds without any taxes due, allowing them to use the money as needed. Depending on the policy, the death benefit payment may go directly to the primary insured's estate or to the named beneficiaries. It is important that the policy owner review the specific coverage details in order to determine how the funds will be dispersed in the case of their death.
Is there a waiver of premium rider for term life insurance in Lakewood?
Yes, the waiver of premium rider is available in Lakewood, OH. The rider provides coverage if for any reason the insured is unable to pay the premium and cannot continue to benefit from their policy; for example, due to a disability. The waiver rider may be applied to whole life, term life, and certain other types of policies. It is important to note that the policy must generally be in effect for a minimum of six months before a waiver of premium rider may be added. Contact your local insurance provider for more information on this valuable rider.
Should I only depend on a employer-provided Lakewood term life insurance policy?
In Lakewood, OH, it is in your best interest to consider other forms of life insurance beyond the term life insurance offered by your employer. Term life insurance is a viable option for many, but if you want to make sure you and your family are well-protected for the long-term, exploring additional policy options, such as Whole Life insurance, is beneficial. Depending on your individual needs in Lakewood, OH, a combination of insurance policies could offer a more comprehensive package of safety and security for your family.
How do I apply with a Lakewood term life insurance company?
Applying for term life insurance in Lakewood, OH starts with finding an accredited ultimate life insurance agent. An agent can provide personalized coverage with plenty of options that fit your lifestyle and budget. They can also guide you through the process by having you complete an application, which will include your age, health, and lifestyle questions. Once you have the application completed, they can give you an estimate of the cost of the product and terms that best meet your needs.
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