Frequently asked questions?

What is the difference between a guaranteed premium and a non-guaranteed premium?

The term insurance quotes we offer come with two types of premium provisions: guaranteed and non-guaranteed. The first allows you to choose a term period of 5, 10, 15, 20 or 30 years. During this term, the premium is guaranteed to not increase or decrease.

The second, less expensive one also allows you to choose from the same term periods of 5, 10, 15, 20 or 30 years. However, Unlike the guaranteed level premium policies, the premium is subject to change before the term of the policy expires. For example, you may have a 20-year term policy where the rates are projected to remain level for 20 years, but are guaranteed for only 10 years. You should be aware of these provisions before buying such a policy.