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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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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 Lima, OH.
Frequent Questions...
The primary purpose of term life insurance in Lima, OH is to provide financial support to an individual's family in the event of their passing. It ensures that their family will have financial stability and financial security in the event that they are no longer there to provide for them. Term life insurance can provide families with a lump sum payment that can be used to help cover expenses related to funeral costs, medical bills, mortgage payments, and other debts. Term life insurance also has the potential to give the insured's children and/or spouse a source of immediate income.
How do I switch from term life insurance quotes in Lima to whole life?
If you reside in Lima, Ohio and determine that you would like to switch from a term life insurance to a whole life insurance policy, the best thing to do is to contact a licensed insurance agent in your area. These agents can provide assistance in determining what type of policy best fits your insurance needs and can help you switch existing policies to a whole life insurance policy if that is what you decide is best. You may find that your premiums increase with a whole life policy, but the length of coverage will be more sufficient with this option as compared to the limited coverage given with term life.
Are there age limits for a term life insurance policy Lima?
In Lima, OH, age restrictions on buying term life insurance vary from provider to provider. Generally, most insurers in Lima offer term life insurance policies to individuals between 18 and 80 years of age. However, some insurers may impose upper age limits of 76 or 65, while others may require applicants to be younger than 55 in order to qualify. It is important to research each term life insurance provider carefully before buying or applying for a policy, to ensure that they offer the term life insurance that best suits your needs, considering your age.
Do premiums with term life insurance near Lima increase with age?
In Lima, OH, premiums for life insurance policies may not necessarily increase with age. Depending on the provider, some life insurance policies may remain the same, depending on other conditions such as the policyholder's overall health ratings, driving record, and work history. Customers in Lima can speak directly with a life insurance representative to learn about all the policies available to them and determine which policy will best fit their needs as they age.
What medical tests are required for a term life insurance quote Lima?
In Lima, OH, term life insurance typically requires applicants to submit to additional medical testing, in addition to the basic forms they must fill out. Medical tests usually include a physical exam, where a physician can look at your current general health and check your blood pressure, height, weight, and cholesterol; a urine test; often, a blood test, which may also include tests for HIV, syphilis, and/or hepatitis; and sometimes, an electrocardiogram (ECG).
Yes, you can change your beneficiary later if you choose to do so. In Lima, Ohio, you can do this at any of the local financial institutions, which may include banks, credit unions and trusts. For example, Neltner Financial of Lima, Ohio offers assistance with beneficiary changes for trusts and estates. You can also contact your life insurance company or an estate attorney for guidance on how to update your beneficiary record. In some cases, you will need to submit a new beneficiary form with a copy of the original policy and documents related to your life insurance certificate.
How are death benefits paid out in term life insurance policies near Lima?
In Lima, OH, the death benefits from term life insurance are typically paid out to the beneficiary named on the policy. The beneficiary is usually a spouse, child, or other close relative specified by the person who purchased the policy. The timeframe for when payment is received depends on the insurance company, but it is usually relatively swift. The insurer should provide adequate information on the procedure for filing a claim and receiving payment once the claim is approved.
Why consider an accelerated death benefit rider in term life insurance in Lima?
An accelerated death benefit rider gives residents of Lima, OH the option to access a portion of their life insurance policyβs death benefit if they are diagnosed with a terminal or chronic illness. This can provide peace of mind to Lima residents, as it allows them to access the funds necessary for medical expenses and general living costs soon after diagnosis rather than waiting for their death to receive the full benefit. Additionally, this policy also allows claimants to choose how their funds are used, and they often even get to keep any unused benefits.
How does a Lima term life insurance policy differ from AD&D?
When comparing term life insurance and AD&D in Lima, OH, it is important to understand the benefits that each offer. Term life insurance provides a lump-sum payment to your beneficiary upon your death, while AD&D (Accidental Death & Dismemberment) provides separate payments for accidental death and/or disability. An important difference is that AD&D often pays out for long-term injuries, while a term life insurance policy terminates after the specified term is expired.
How can I compare quotes with a Lima term life insurance company?
It is important to compare term life insurance quotes in Lima, OH to ensure that you are getting the best deal for your needs. Fortunately, there are several online comparison tools available to help you make the best decision. You can use these sites to enter information like age, income, and coverage amount, and they will list a range of quotes from various life insurance companies in the area. It is important to read the fine print of each policy in order to make sure you understand the details of each coverage.
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