2018 Best Term Life Insurance in Florida

Term life insurance provides protection for a specific period of time.

It pays a benefit only if you die during the term.

Level term products are the most popular plans purchased today.

The level term can be from 5 years to 30 years.

The premium and death benefit are designed to stay level during the term of the contract.

The premiums can be either guaranteed* or not guaranteed.

When purchasing a level term life insurance policy be sure you are aware of the guaranteed* premium period.

Once you have been approved and placed the policy in force with the first payment, the insurance company is obligated to keep the policy in force as long as you keep paying the premiums.

You are not obligated to pay, but once you stop paying, the policy will lapse after usually a 30 day grace period.

Some term insurance policies can be renewed when you reach the end of a specific period which can be from one to 30 years.

Once the term ends, you can typically choose to convert the policy into a permanent policy (if you qualify). Term life insurance policies have no cash value.

The majority of level term policies offer a renewal option. This means you can renew your policy for a maximum guaranteed rate if you decide you want a longer term.

You will likely be required to submit to an exam because the renewal itself isn’t guaranteed. You can also likely convert your policy to a whole or universal life insurance policy.


The premium rates increase at each renewal date. Most policies require that evidence of insurability be furnished at renewal for you to qualify for the lowest available rates.

*Guarantees are based on the claims paying ability of the issuing insurance company.

** Availability, specifics, and costs of these riders vary by carrier and state


Why Choose a Term Policy?

Cost: Term policies generally have a low premium, creating an affordable way to get the coverage you need.

Who Should Choose This Policy Type?

Because of the low cost, term life policies are an attractive option for younger people and families.

What are my options the end of a life insurance term?

What happens to your insurance coverage when your term ends depends on the type of policy you have. With a standard term policy, your coverage will simply end although you can apply for new coverage and submit to a medical exam.

A renewable term gives you the guaranteed right to renew another term policy without a medical exam. With a convertible term, you can convert your policy to a universal or whole life policy, either at term-end or during the term of your policy.

Always remember that premiums can vary widely between companies.

That’s why it’s SO important that you understand how the different carriers might view your personal situation. Shopping around will result in you getting the best life insurance coverage for your needs at an affordable premium.

If you have questions on which type of term life insurance is right for you, please contact our office as we’d be glad to help.

Or just go to www.MintcoFinancial.com

And compare the best Term Life Insurance Quotes Online

Call us at 813-964-7100