The Truth About Buying Term Life Insurance Online [2022 Guide] - PinnacleQuote

The Truth About Buying Term Life Insurance Online [2022 Guide]

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Did you know that most people who buy life insurance online are actually saving money? It’s true! Insurance is a complicated business.

But it doesn’t have to be when you go through an independent agent like me, with experience and expertise in helping consumers find the best life insurance rates for their needs. I can shop around for the best prices without charging any fees or commissions.

I’m not just another salesperson trying to make a quick buck; I’m focused on your personal financial security and protecting what matters most to you and your family.

So take a minute today and give me a call: (855) 380-3300

How Do I Buy Term Life Insurance Online

How to buy term life insurance…

When shopping for life insurance, term insurance is the most cost-effective way to protect your loved ones. It’s vital that everyone understands how necessary life insurance is to protect the ones that rely on you financially.

Without a life insurance policy, your family will inherit your debt, mortgage, and finals expenses. Furthermore, when searching for affordable coverage you have to keep in mind the following:

  • Use an independent agent and/or life insurance brokers to shop to multiple carriers
  • Which Life Insurance Company (Ex Northwestern Mutual)
  • Financial Strength Rating of the company (JD Power/AM Best)
  • Affordable monthly premiums

These are just a few for starters!!

Above all, Sometimes it takes a major event to occur before people realize how badly they need life insurance. This can include a near-death experience or the birth of their first child.

Although it’s not fun to prepare for your own death, a good life insurance policy can give you peace of mind.

There are many things to consider before deciding on a life insurance policy, like what type and how much life insurance is best for you.

One of the first major choices you’ll need to make is whether you want a term life insurance or whole life insurance policy. Next, you’ll need to consider how much life insurance you need to buy in order for your family to receive proper coverage.

What are the Benefits of Term Life Insurance

Many experts will tell you that term life insurance is ALWAYS the better option. There are many reasons why term life insurance is the most popular option.  When you shop for life insurance, consider the following:

  • Its Temporary ~ Although this may seem like a negative thing at first glance, this is actually one of the biggest reasons why people get term life insurance. In fact, this is because many people do not need coverage forever. Therefore they do not want to pay forever. There are many reasons why someone would only need temporary coverage. This includes buying a term policy that covers the length of a mortgage, buying a term policy that covers your children through to adulthood, etc.
  • Its Affordable  ~ This is the most common reason for people to choose term life insurance. Term life insurance offers basic and cheap policies. For a 20 year, $500,000 plan, you’ll only need to pay less than $50/month.
  • It Has All You Need ~ While one of the major appeals of whole life insurance is the cash value build-up, experts argue that this is extremely overrated. In fact, investing on your own is usually more profitable than using your life insurance as an investment.  Also, term life insurance makes up for not having this feature.
  • Its Perfect For People Without A Lifelong Dependent ~ Having a lifelong dependent, such as a child with special needs, is one of the scenarios where you may prefer whole life insurance. However, for people without a lifelong dependent, a term life insurance plan may be the best option.

What Is The Difference Between Term Life Insurance And Whole Life Insurance

Above we already spoke about term life insurance.  I want you to have an idea of what whole life insurance is.  For more detailed information you can visit Whole Life Insurance.

  • Builds cash value ~ You can borrow against if you need cash
  • Guaranteed for life ~ Never expires
  • Premium rates will never increase ~ Guaranteed level premium for life of the policy

Compare Term Life Insurance Rates ToProtect Your Family

How Long Of A Term Should I Get 

This is a great question. How old are your kids? How long until you retire? How much and how long do you have on your mortgage? These are all good starting points!!

Again, the age of your children is of major importance. For example, if your child is 10 years old, you may get a 10-year policy so that they have coverage until they reach adulthood.

If you have a newborn, a 20-year option is best.

Generally, you’ll need to choose between a 10, 15, 20, 25, or 30-year term. There are several more factors to consider when deciding on the amount of time that you want coverage.

Example’s Of Term Life Insurance Rates

Here are a couple of examples of rates when buying term medical exam life insurance. 

Example #1

​​​​​Roger is 55 years old and has about 10 years left on his mortgage. He also has a goal of retiring by age 65. All of Roger’s kids are grown and out of the house. He does have a remaining balance on his mortgage but also has debt totaling over $1,000,000. We will look at ​1 million dollar term life insurance quotes:

$1,000,000 10 year term life insurance cost

Example #2

Mary is 42 years old and recently had an unexpected pregnancy. She and her spouse are very excited. Her second youngest is 12 years old and has about 10 years left until being a college graduate. She has only 10 years left on her term policy. So she is looking to replace the 10-year term with a new 20-year term. Her husband has a $1,000,000 dollar policy so she was looking for $500,000 term life insurance rates to get her youngest out of the house. 

$500,000 20 year term life insurance cost

Example #3

John and Samantha had recently got married and are starting a family. The just secured the purchase of their new home and were thinking about what kind of coverage would they need. John is the primary breadwinner and makes about $75,000 annually and Samantha makes about $35,000 annually. They are both 35 years old and would like coverage for not only the mortgage but to cover their family and get to a retirement age of 65. They were thinking million-dollar life insurance for John and a 500000 term life insurance rates for Samantha both 30-year terms. 

John $1,000,000 30 year term life insurance cost

Samantha $500,000 30 year term life insurance cost

Top Carriers For Term Life Insurance

Our job is NOT to “SELL” you,  it is to make sure you are NOT OVERPAYING!!! No other Agent/company will do this for you like PinnacleQuote!

Where to buy life insurance?  This question comes up often!  The simple answer is, call us at PinnacleQuote, where we will shop you over 50 A/A+ carriers.  We are licensed in 49 states and not only is this our motto, but we Guarantee ~ Best Price, Best Carrier!!! 

We will custom make you a policy that fits your family’s needs, Remember, this is life insurance, it is supposed to be simple, so the best way to get life insurance is to give us a call, we will walk you through the entire process and make it incredibly simplistic.  Below are a few of our top carriers. 

  • Protective
  • Banner
  • Prudential
  • AIG

Knowing How Much Term Life Insurance Should I Buy

It depends on how much you need as far as coverage. The general rule of thumb is to buy a life insurance policy that is around 10 times your salary. This way, your family’s financial security remains consistent. Of course, you need to factor in final expenses, college tuition, debts, etc.

Quick Term Life Insurance Quotes Online

Other factors when determining low-cost term life insurance is not only the amount of coverage but also the difference in life insurance rates by age.

In fact, term life insurance rates by age are just as important as your health when determining the rates. For example, cheap term life insurance for seniors will be very different than someone in their 40’s. 

However, it’s not only working people that need term life insurance coverage.

How Much Term Life Insurance Should I Get as a Parent

Sometimes, a stay-at-home parent should consider being covered as well. In the end, the important thing is that you’re making the responsible decision to buy life insurance.

You may want to consider hiring an independent insurance agent. They will help you find the most affordable plans, and they should be able to answer any of your concerns.

Benefits of Term Life Insurance:

  • Loss of income
  • Short-term debts
  • Additional insurance protection during the child-raising years
  • Longer-term protection to help pay off a mortgage
  • Help pay for a college education

What Carriers Have Cheap Term Life Insurance Without Exam

When purchasing cheap term life insurance online it really comes down to who you do business with. In fact, no exam term life insurance is very easily obtainable and usually goes active within a couple of days to weeks.

Furthermore, some policies are a simplified issue like Mutual of Omaha term life insurance no medical exam called Term Life Express. These types of policies can be approved within minutes if you are very healthy with no prescription history. 

Here are our top No Medical Term Carriers

  • SBLI
  • Sagicor
  • American National
  • Assurity
  • Mutual Of Omaha
  • John Hancock
  • Foresters

Buying Term Life Insurance With Living Benefits

Life insurance with living benefits gives you and your family some added extra coverage. In fact, it combines three important riders. Furthermore, having a term life insurance with accelerated death benefits will give you access to your death benefit without dying.

One, a terminal illness rider will give you access to the death benefit if a medical professional gives you 12 months or less to live. American National will give you up to 24 months.

Two, a chronic illness rider will give access to the death amount if you can’t perform 2 of the 6 activities of living. Bathing, Toileting, dressing, eating, transferring and continence.

Finally, a critical illness rider will give you access to the death amount if you are diagnosed with a serious illness such as cancer, ALS, or a stroke. It does include more illnesses depending on the carrier.

Explaining The Savings Of A Layered Policy Strategy And Implementing Living Benefits

Life Insurance Tips And Advice From PinnacleQuote

Where do I begin? Let’s Recap!

What to look for when buying term life insurance? Many clients often believe that the most important commodity when looking for life insurance is the best price.  In reality, they all claim to have the best price, obviously, this is farthest from the truth!

Instant Term Life Insurance Quotes

The single most important commodity is making sure who the Best Carrier is for You. What you must understand, is that every insurance company is going to look at you differently. 

They all have different guidelines, different weight/build charts and they all specialize in their own niche. 

So to find the best possible price with the best possible carrier, you need a Life Insurance Specialist that knows the in’s and out’s of these companies.  This will ensure that you WILL get the Best PRICE, Best CARRIER, GUARANTEED!!!

Can I buy Life Insurance Directly From Insurance Company

Here at PinnacleQuote we will tailor-make you a life insurance policy based strictly and solely on your personal profile.  Because life insurance is not a one size fits all. 

Can I Buy Life Insurance Without An Agent

Simply put, NO.

Danny Ray is the Owner and Independent Agent of PinnacleQuote.  His office is based out of Jacksonville, Florida.  Florida term life insurance quotes along with 49 other states. One-stop shopping for the best prices! He has 20+ years of experience.  Like we stated above, we are licensed in 49 states. Contracted with over 50 A/A+ carriers. 

Danny has incredible relationships with all the Top Carriers and Underwriting Teams. His goal and passion are not only to help you purchase life insurance but more importantly, to help you protect your family and their future when you are gone.  And Save you $$$

Life Insurance…The Last Way To Say I Love You.


The truth about buying term life insurance online is that you can get the coverage and protection your family needs for a price they’ll appreciate. This type of permanent, whole-life insurance has no cash value but it pays out in one lump sum to beneficiaries when the policyholder dies. Term life insurance provides temporary protection from this event as long as premium payments are made on time each month. You may be wondering how much does term life cost? Well, there are many factors that go into determining what amount an individual or family will pay for their premiums including age, location, smoking status, and health conditions like diabetes or high blood pressure. For more information on rates visit today!