What Is The Meaning Of Direct Term Life Insurance?
Direct term life insurance is a policy that you can purchase directly from a life insurance company or agency without the need for an insurance agent. It is a fast and affordable way to get coverage, and you can buy it online or by phone. This type of policy lasts for a specific time, usually 10 to 30 years, and provides a cash payout to your family if you die while the policy is active.
|Term Life Insurance||Whole Life Insurance|
|Provides coverage for a set period||Lasts your entire lifetime|
|More affordable and flexible||More expensive but has a cash value component|
|Best choice for many families||Good choice for lifelong coverage and leaving a legacy|
When you buy a term insurance policy, you get financial security and peace of mind without the hassles of buying insurance. It is much cheaper and more flexible than whole life insurance, making it the best choice for many families. However, whole life can be a good choice if you want lifelong coverage and to leave a legacy for your loved ones.
Some of the companies that offer direct term life insurance policies include Ethos Life Insurance and Sproutt Life Insurance. Ethos offers no medical exam policies, while Sproutt offers policies with no medical exam from “A” rated life insurance companies.
If you need help purchasing a life insurance policy, you can contact The Annuity Expert, an online insurance agency that offers free consultations and helps you find the best insurance coverage at the cheapest rates.
Our carriers beat Colonial Penn, Globe Life, and AARP 96% of the time*
* Based on website quote requests, through 5/31/23.
(Check your rate to see their rates vs. ours)