What is a temporary Houston TX term life insurance plan?

Mario

Great question.

A temporary Houston TX term life insurance plan, usually called an annually renewable policy, is expensive, annoying, and hard to deal with–but sometimes necessary. I’ll give you some of the bare details: with a renewable plan, you will be given health insurance coverage for each year. At the end of the year, you can either allow it to expire, or you can renew it with the same kind of coverage. Problem is, when you renew it, you are rated all over again. So if you have an annually renewable plan for your entire life, then you’re going to get one price as a healthy 20 something, and a whole ‘nother (bigger) price as a middle aged person.

There are very few reasons to purchase a temporary Houston TX term life insurance policy. If you’ve just quit smoking and don’t want to lock in the high rates you will get after only a couple of years without smoking, then you might get a temporary plan and get a real one once you’re able to get better rates. Same would go for if you have just gone into remission for cancer, or something like that.

One good reason NOT to get a Houston TX term life insurance plan? You just don’t want to commit. Or you’re doing it at the last minute. Thirty years seems to long. Et cetera. Instead of coming up with excuses, you can find a regular life insurance plan easily–by getting quotes and comparing them until you find a price and a policy you like.

take care,

Fashun

Should I buy Houston Texas term life insurance online?

Malcolm

Thanks for asking.

You CAN buy Houston Texas term life insurance online, but there’s an added question of whether or not you should. Online life insurance policy purchasing has its own pros and cons, so let’s look at a couple of those.

First of all, if you buy Houston Texas term life insurance policy online for yourself, then the company is probably going to forego the medical exam. Yeah, I can hear you cheering now, because you’re sure something terrible will come up in a medical exam, but for many people that’s an unfounded fear. Just because online life insurance doesn’t ask for a medical exam doesn’t mean you’re really saving money; you could end up paying more for less coverage.

At the same time, it’s hard to compare on a larger scale. Some companies discount online policies, while others do allow you to schedule medical exams and later purchase the final policy online, and companies save money selling policies online, and that helps you. So which is the best option? It’s best to take it on a case by case basis and get plenty of quotes.

take care,

Fashun