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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 South Portland, ME. 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 South Portland, ME.
Frequent Questions...
South Portland life insurance policies offer a number of advantages compared to other types of life insurance. Unlike some other policies, South Portland life insurance policies are specifically designed for the needs and wants of people living in the area. This means that they may include additional coverage, such as covering funeral costs and providing a higher death benefit. Additionally, South Portland life insurance policies are likely to come with additional features that other types of life insurance do not include, like whole life insurance policies, which come with a cash value component that no other type of life insurance offers.
How do I switch from term life insurance quotes in South Portland to whole life?
If you're looking to switch from Term to Whole Life Insurance in South Portland, ME, you have several options. Your first step should be to contact a life insurance agent who can review your individual needs and provide you with multiple quotes. Additionally, you may want to consider consulting with a financial advisor who can provide independent advice to help you make the best decision. Ultimately, the choice of switching from Term to Whole Life Insurance is yours, but with the help of a knowledgeable agent or individual, you can make the best decision for your unique circumstances.
How do beneficiaries claim death benefits with a term life insurance policy South Portland?
The death benefit works differently depending on where you are located. In South Portland, ME the death benefit is offered through the Social Security Administration (SSA), and the Survivor Benefits Program (SBP). The SSA pays a lump sum death benefit of up to $255 to the deceased’s spouse, children, or parents. The SBP pays a lifetime monthly annuity payment based on the deceased’s rank and number of years of creditable service. If the person has a surviving dependent, the SBP can also cover them as well.
What payment options are available for term life insurance near South Portland?
In South Portland, ME, our insurance company offers a range of payment frequencies to fit your needs. These include monthly, quarterly, semi-annually, and annually. Additionally, you can save money on your premiums by choosing to pay semi-annually or annually. You can also discuss setting up a convenient, auto-pay option with your insurance company if you prefer. Furthermore, payment plans are tailored to every customer – so you can find the best option that suits your individual budget. If you need further assistance, our customer service team is here and ready to help.
Does a term life insurance quote South Portland cover deaths from extreme sports?
In South Portland, ME, term life insurance covers deaths resulting from extreme sports or dangerous activities. However, it is important to note that the policy may specify certain exclusions. Therefore, before investing in term life insurance, it is recommended to read the details of the policy closely to make sure that the policy covers the type of activities you may be engaging in. When you purchase your policy from an authorized South Portland insurance provider, you will receive guidance to make sure you have the appropriate coverage.
In South Portland, ME, a secondary beneficiary acts as a backup to the primary beneficiary. This means that any assets, funds, or benefits left by an individual can be disbursed to a secondary beneficiary in the event that the original beneficiary named does not survive the deceased individual, cannot be located, or is found to be unsuitable or unable to accept the assets. Secondary beneficiaries are usually relatives of the deceased and are legally responsible for carrying out the deceased's wishes, in accordance with any existing legal documents or applicable laws.
Are death benefits from term life insurance policies near South Portland taxable?
In South Portland, ME, death benefits may or may not be taxable depending on a number of factors, such as the source of the benefits and if the beneficiary is eligible foe a tax exemption. For example, if the benefits are from Social Security or a life insurance policy, they are not taxable. There also may be other tax exemptions for which the beneficiary may be eligible. It's important to talk to a qualified tax professional to ensure death benefits are handled properly.
Is there a waiver of premium rider for term life insurance in South Portland?
Yes, in South Portland, ME, there is a waiver of premium rider available to policyholders. This rider can be added to an existing life insurance policy, and it is designed to waive the policyholder's life insurance premium payments in the event they become too ill to make those payments. The waiver of premium rider options found in South Portland will vary by insurance company, but most have the same basic benefits and provide peace of mind to policyholders and their loved ones.
How does a South Portland term life insurance policy differ from AD&D?
Term life insurance provides a death benefit to a policyholder's beneficiary if the policyholder dies within a pre-determined period of time. AD&D (accidental death and dismemberment) in South Portland, ME is an insurance policy designed to provide financial support for those dealing with death, serious injury, or dismemberment due to an accident. AD&D pays a benefit to a policyholder or beneficiary should the policyholder suffer an accidental death or loss of limb, whereas term life insurance only pays out the death benefit in the event of a death.
What's the 'free look' period with a South Portland term life insurance company?
A free look period in term life insurance is a period of time in which policyholders in South Portland, ME, are able to cancel their policy and receive a refund of premium payments, without penalty. This allows policyholders the opportunity to decide whether the life insurance policy is right for them without any financial risk. It also provides policyholders with the chance to review the policy provisions and make sure that the terms on the application are accurate. The length of a free look period may vary between insurers, however the average is generally around 10 to 30 days.
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