How Long Is Short Term Life Insurance?

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Short-term life insurance is a type of life insurance policy that is designed to provide financial support to your loved ones in case you pass away within one year of purchasing the policy. It is an ideal option for individuals who are just starting out with life insurance and those looking to fill a temporary gap in coverage.

Policy Features Details
Policy Term One year
Policy Cost Starting at $7 per month*
Coverage Amount Starting at $50,000 and going up to $200,000
Medical Exam No medical exam required

Short-term life insurance coverage works similarly to a standard term policy, except that it is only in effect for one year. If you pass away during the year of coverage, your beneficiaries can file a claim for your policy’s death benefit and use the payout to pay off debt, cover end-of-life expenses, or pay for everyday costs. You can also name a charity as one of your beneficiaries.

Once your short-term policy expires, you can decide to purchase another year of short-term coverage, a longer-term life insurance policy starting at 10 years, or a permanent policy like whole life. If you are looking for longer-term coverage, you can compare rates of term life insurance policies with 10-, 15-, 20-, and 30-year terms. Coverage levels can go up to $2 million or more, and generally, the younger you are when you purchase a policy, the cheaper your premium will be.

Short-term life insurance is a flexible and affordable way to get ample coverage quickly. You can get a policy with coverage starting at $50,000 and going up to $200,000 at a cost starting at just $7 per month*. No medical exam is required, and you can get your policy in just minutes by answering a few basic health questions.

*$7/month rate applies to males (ages 30-32) and females (ages 39-41), non-tobacco users, for $50,000 of coverage. Lower rates are available for females. All rates and policies are subject to underwriting approval. Rates are provided for information purposes and do not constitute an offer of insurance.

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