Term Life Insurance Q&A
- Why should I choose BeyondQuotes?
- Which companies do we represent?
- Is BeyondQuotes licensed where I live?
- Is my information confidential?
- Do you only offer rate quotes?
- How do we choose which companies to represent?
- How much Term Life Insurance do I need?
- What are "level" policies?
- What should be the term length?
- Is it worth insuring my spouse on my policy?
- Can you explain the difference between Term and Whole Life plans?
- I suffer form a pre-existing condition. Can I still be insured?
Applying for a Policy
- How do I apply for Term Life Insurance?
- How do I find the best value plan for my needs?
- What is the waiting period between applying and coverage?
Ohio Term Life Insurance in Buckeye State
What do Steven Spielberg, Paul Newman, Annie Oakley, Arsenio Hall and Clark Gable have in common? If nothing rings a bell, here’s some help. They all share the same birth place. But which one? The answer is Ohio, also known as the Buckeye State with its Ohioan inhabitants colloquially called “Buckeyes”.
The nickname comes from the fact that the place is surrounded by Buckeye tree all over. It resembles a lot to buck deer eye in appearance.
Ohio is the 7th most populous US state. Its state capital, Columbus, houses the Ohio State University, Franklin University, Capital University and Ohio Dominican University.
Important features of Ohio Term life insurance
Term life insurance Ohio is quite popular for the many benefits that come tagged along with it. Here are some of them:
- Term life insurance Ohio insures a person against death for a particular period of time.
- Rates are comparatively less than whole or universal life coverage.
- You have the flexibility to invest your money elsewhere.
- During the guarantee period, the death benefit and premiums gets leveled.
- You can scrap the policy any time you want.
Ohio Term life insurance premiums
The premium for life insurance in Ohio has been on a steady decline for the last two decades. An increased mortality rate, tough competition and low rate of expenses have led to this heart-relieving rate reduction. Experts say the decline should continue, in spite of some predicting otherwise.
Insurance companies calculate the monthly premium taking different aspects into consideration. That aside, what determines your premium is the amount of coverage, known as the “face amount”, and the length of your insurance policy term. The greater the length, the greater the premium that you will have to shell out.
Another factor that increases or decreases the amount of premium you pay is your health history. If you or any one in your family have a history of diseases such as cancer or diabetes, your premium can be much higher. Your medical history will also be examined, and as per your medical condition, your premium amount may go up or down. For instance, if you consume tobacco products, be prepared to pay a higher premium.
Affordable plans for the people of Ohio:
Term insurance is relatively affordable in nature. Premiums are significantly lower than other types of insurance plans. Seize this opportunity and get your insurance plan today. Apply online - it’s quick, easy and simple.