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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 Minneapolis, MN. 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 Minneapolis, MN.
Frequent Questions...
The primary purpose of term life insurance in Minneapolis, MN is to provide financial protection to your family or other dependents in the case of an untimely death. Short-term policies are often chosen when people want to insure their life for a specific period of time due to an upcoming event or milestone, such as retirement. Term life insurance is meant to provide money for burial and other end-of-life expenses, as well as to replace lost income, pay off significant debts like a mortgage, and protect investments.
Which is more cost-effective: term life insurance quotes in Minneapolis or whole life insurance?
Generally speaking, term life insurance is more affordable than whole life insurance, especially in Minneapolis, MN. When it comes to term life insurance, in the Minneapolis area, you can expect to pay a relatively low premium for a large sum of coverage, offering an economical way of protecting what’s most important to you and your family. Whole life insurance, on the other hand, typically costs more and offers lifelong coverage.
Are there age limits for a term life insurance policy Minneapolis?
In Minneapolis, MN, age restrictions for buying term life insurance depend on the provider's individual underwriting guidelines. Policies are typically available for those ages 18-85, although some companies may require an additional medical exam for applicants over 65. Policies offer coverage for a specific period of time, and premiums are lower than permanent life insurance. Have questions? Reach out to your local insurance bank or provider for more information.
What payment options are available for term life insurance near Minneapolis?
In Minneapolis, MN, payment frequencies for premiums vary depending on the insurance company you choose. Generally, there are three payment options available: monthly, quarterly, or annually. Most companies also offer payment plans, although some insurers require a one-time annual premium payment. Be sure to check with your individual insurance provider to confirm their preferred payment options. Some even offer electronic billing or payment cards for added convenience.
Does a term life insurance quote Minneapolis cover deaths from extreme sports?
Term life insurance in Minneapolis, MN typically does not cover death due to extreme sports or dangerous activities, such as skydiving, bungee jumping, and free climbing. If you are engaging in such activities, you may want to consider supplemental coverage specifically designed to protect against losses due to extreme sports or dangerous activities. Minneapolis has a number of insurance companies that offer products for a wide range of activities, so it's best to research your options before selecting a policy.
If your nominated beneficiary resides in Minneapolis, MN, and passes away before you, you will need to assign a new beneficiary to your account. In Minnesota, you can assign beneficiary designations using the Small Estates Affidavit for Estates of Decedents Dying Without a Will, which is available through the Minnesota Judicial Branch. If a large estate is involved, you may wish to consult with a Minneapolis-based attorney regarding the process for rewriting your beneficiary designations.
How are death benefits paid out in term life insurance policies near Minneapolis?
In Minneapolis, MN death benefits from term life insurance policies are usually paid out in a lump sum, however the payment type and timing will depend on the insurance carrier. If your policy is through a Minneapolis-based term life insurance provider, the company may use its own process to determine when the death benefit is paid out. Typically, following the insurance company’s review process, the death benefit is paid within a few days to several weeks. Make sure you check with the insurance carrier before you purchase a policy to know exactly how and when death benefits are paid.
Why consider an accelerated death benefit rider in term life insurance in Minneapolis?
In Minneapolis, MN, an accelerated death benefit rider on an insurance policy offers the advantage of allowing policyholders to access some of the death benefits in the event of a terminal illness. This feature gives people in Minneapolis the ability to cover medical expenses related to their terminal illness, as well as meet other financial needs, with the comfort of knowing that death benefits will still be available for dependents or survivors. This benefit helps provide policyholders in Minneapolis with the financial mobility needed to manage a terminal illness without worrying about the financial implications.
Is a joint Minneapolis term life insurance policy available for couples?
In Minneapolis, MN, yes, you can purchase a joint term life insurance policy with your spouse. Joint term life insurance policies enable you and your spouse to share the same amount of coverage, which can provide added security and peace of mind for you and your family. Plus, the combined premium costs are lower than if you purchased two individual policies. You can find life insurance advisors around Minneapolis who can guide you through the process of shopping for and purchasing the best policy for your family.
What factors should I consider when choosing a Minneapolis term life insurance company?
When choosing a term life insurance company in Minneapolis, MN, it is important to consider customer satisfaction ratings, the company's financial stability, the length and types of term life insurance policies offered, customer service customer service offerings, and discounts available. Additionally, it is important to review the company's online customer portal and any mobile life insurance apps they offer as these can make using life insurance services easier and more efficient. Comparing the cost of term life insurance policies between different companies can help find the best and most cost-effective option.
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