Life Insurance Types Term vs. Permanent Term

Buy Term Life Insurance Online

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If you're ready to get going on the term life insurance process, use the form at the top of this page to compare rates or click here.

The 5 Steps to Coverage

Wholesale Insurance makes it easy to buy the right term life insurance policy for your needs.

Here are the 5 steps involved in buying term life insurance, along with advice for each step. (If you're not confident that term life insurance is what you want, you would do well to read our descriptions of the different types of life insurance.)

1. How much coverage?

Figure out how large a death benefit your family would need if you were suddenly absent from their lives. Figure out how long your family will need that much insurance protection.

Our advice: Use our life insurance calculator to help you figure out how much coverage to get.

2. Compare term life insurance quotes

Fill out the life insurance quotes form on this page. The information you provide is used to calculate the cost of your life insurance policy. Upon submitting the form, you'll instantly be rewarded with a list of term life insurance quotes from reliable life insurance companies.

Our advice: You are free to use any site or service to compare term life insurance quotes and buy term life insurance, but we recommend an independent brokerage, like Wholesale Insurance. The information you get from an independent brokerage is free and unbiased.

If you need help completing the form and can't easily find the answers you need, feel free to call us for free assistance over the phone: 1-800-823-4852.

Be aware that not all life insurance companies are willing to write policies for people of every age, fitness, and state of residence—much less write them for the same price.

3. Complete an application

Different life insurance companies have different requirements for their applications, but Wholesale Insurance shoulders most of the burden, at no cost to you. Here's what we need from you, though:

Choose any one of the quotes you received and click "Continue" in order to begin filling out the application. Provide contact information about yourself. One of our licensed advisors will get in touch with you to collect any further information which the insurance company of your choice requires for you to buy term life insurance.

Our advice: Choose a life insurance company based on the cost of its coverage and the trust you have in it. In our list of life insurance quotes, we indicate their financial strength rating, as well as a customer service rating.

Be forthright about any concerns with your advisor. Discovering impairments to your insurability later in the process eats up time and can result in losing your coverage.

4. Medical exam

Except for nonmedical issue life insurance policies, individuals to be insured must undergo a medical examination which helps the life insurance company verify their insurability. Information from the medical exam corroborates that you belong in the health class you indicated on the quotes form.

The medical exam will be administered at your home or office at a time of your choose, free of charge.

Our advice: Be your best self for the exam. Treat your body well for the days leading up to the exam. For more specific counsel, see the 7 Inside Secrets to Save Money on Your Life Insurance.

5. Sign the contract

So far, no step in the buying process has cost you any money. There's never an obligation to buy until you put your policy in force, and even after that, you can discontinue coverage at any time.

If the life insurance company you selected is able to insure you, they will send you an offer (a contract to sign). If the insurer finds that the information you provided in step one of this process is indeed correct, the price they offer you will be equal to the price you were quoted (in step 2).

This is the step where you actually buy term life insurance. To put your coverage into effect, sign the contract and send in your first payment.

Our advice: If your offer is more expensive than your quote, you aren't obliged to accept it. You may be better off discussing alternatives with your life insurance advisor at Wholesale Insurance.

A few of the carriers we quote

For assistance call 1-800-823-4852 7am–6pm M–Th, 8am–5pm Friday (Pacific time).
Copyright © 2002-2012 Pinney Wholesale Insurance Services - All rights reserved. 2266 Lava Ridge Court, Roseville CA 95661.

R. Jan Pinney CLU, ChFC, is a licensed life insurance agent in all states and the District of Columbia. The following agent license numbers are provided for R. Jan Pinney as required by state law: CA agent #0440057, LA agent #291116, MA agent #1674866, MN agent #20270113, UT agent #58330, agent R. Jan Pinney, DBA Pinney Wholesale Insurance Services. Commercial use by others is prohibited by law. This site provides term quotes. Each rate shown is a quote based on information provided by the carrier. No portion of WholesaleInsurance.net may be copied, published, faxed, mailed or distributed in any manner for any purpose without prior written authorization of the owner.