An affordable, convenient option for many families.
If you die during the term period, your beneficiary will receive a tax-free payout and the peace of mind that comes with it — guaranteed.
Term insurance is typically the most affordable, and your premiums won’t change over time, making it a perfect option for many young adults and families looking to get the most coverage for the cost.
Your loved ones won’t have to worry about paying tax on your insurance payout after your death, because a term life insurance payout is entirely tax-free.
Maybe you want protection for your family, but you don’t want to commit to a permanent policy. That’s okay — our flexible term lengths are a great place to start.
Term life insurance is easy to understand, and our agents are here to make sure you’re familiar with the types and lengths available. Even first-time buyers can rest assured their life insurance is meeting their needs.
Each person’s life insurance needs and circumstances are unique. It’s important to consider your specific situation to decide on a term life policy that best suits you.
Keep the following considerations in mind:
| Term Life | Permanent Life | |
|---|---|---|
| Length of Coverage | Choose the term that works for you (10, 15, 20, or 30 years) | Lasts your lifetime—as long as you continue your payments |
| Premiums | Typically the most affordable life insurance | More expensive than term for same coverage amount |
| Medical Exam | Options to waive exam | Typically required |
| Cash Value | None | Policy may build cash value on a tax-deferred basis |
With eFinancial, you’ll have access to term life insurance products from top companies. We make purchasing term life simple and fast. From quote to policy issuance, we can get most people coverage on a single call.
Every family has unique circumstances. You may want specific features, like a policy that renews or converts to a permanent life insurance policy. Many products, including term life policies, can include riders. A rider amends or adds to a policy, customizing it to your specific needs.
Because we get to know you and your needs, we tailor recommendations and guide you every step of the way. If your policy requires a medical exam, we help manage scheduling that as well. eFinancial is committed to helping everyday families find the term life insurance that fits their needs. We look forward to helping your family.
Life insurance is a type of insurance policy that protects your loved ones financially if something happens to you. If you pass away while your life insurance policy is in effect, your beneficiary will get a cash payment that’s typically tax-free and comes with no strings attached. They can use those funds to pay for day-to-day living expenses, a mortgage, college loans, your final expenses, or any other financial needs.
You can choose from either term life insurance, an affordable type of life insurance that you can buy for a set period of time, or permanent life insurance, which provides lifelong coverage as long as you pay your premiums. Consider comparing life insurance quotes online to better understand what fits your budget and needs.
Buying life insurance can help you meet these needs and stay prepared for what the future brings. eFinancial is here to help you get started.
Wondering if you can afford life insurance coverage? The peace of mind that life insurance provides is priceless, and it often costs less than you think. In fact, a recent study found that most people think the cost of life insurance is three times higher than it actually is. A $250,000 term life policy for a healthy 30-year-old woman can start as low as $15 a month with eFinancial.
Some factors that affect the cost of life insurance include:
Learn more about the life insurance buying process here.
At eFinancial, we work hard to make sure you get an accurate online life insurance quote.
We believe in personalizing your entire life insurance experience, which means we’ll go beyond the basics. Of course, keep in mind that an online quote is only a starting point. Our online guide can estimate your life insurance rates, but our licensed agents will work closely with you by phone to further customize your quote around your exact needs.
Not necessarily. The law states that the price of any insurance policy is the same whether you buy from the life insurance company itself, an agent, or a broker. That means you’ll find the same rates shopping directly with a life insurance company or shopping with eFinancial, while also enjoying the convenience and guidance our agents can provide. At eFinancial, our team can help you compare and purchase term life insurance, permanent life insurance, and final expense insurance from top-rated companies. Our goal is to make buying life insurance easier, faster, and more affordable, so you can protect your family with confidence.
A medical exam may be required to see if you qualify for the policy you want and to determine the rate you will pay. This exam is about 20-30 minutes long and performed by a certified paramed. The paramed will record your blood pressure, pulse, height, and weight and record answers to questions about your medical history. Depending on the health information you give in your application, you may also need to provide blood and urine samples and take other tests. The exam is done at a location of your choice and performed at no cost to you. Learn more about medical exams.
