• A 35-year old female can buy $500,000 of 1o-year term life insurance for as little as $14.00 per month.
• A 45-year old male can buy $1 million of 20-year term life insurance for as little as $101.06 per month.
• Guaranteed level premiums.

The annual, male and female term life insurance premiums are based on preferred plus, non-tobacco rates, or preferred tobacco rates as shown above. They are are renewable and convertible, level death benefit, term life insurance policies with level premiums during the initial guarantee period. Premiums increase annually thereafter.  Two-year contestability and suicide provisions apply. Available only in approved jurisdictions. Rates updated as of 3.2012

To learn more, contact InsuranceGlobe.net at 1-888-950-TERM.

In order to get you a competitive life insurance quote, we will need some information regarding your type 2 diabetes.  First and foremost, we need to know your most recent HbA1c level.  This is the main thing that life insurance companies look at.  The HbA1c level measures your average blood sugar levels over the last 6 to 12 weeks.  For someone with diabetes the goal is to be under 7%.  In addition, the life insurance companies will want to know the following:

• Age of diabetes onset
• Height and weight
• Medications and dosages
• Complications from diabetes
• Are you a smoker?
• Any other medical conditions?

For a competitive life insurance quote, call us today at 1-888-950-TERM and we will take this information and shop it to all the life insurance companies we work with to get you the lowest price possible on your life insurance.

A Return of Premium Rider (ROP) is available on some term insurance policies.  This rider returns the sum of all annual premium paid(including base policy fee and ROP rider premium) at the end of the initial term period, provided the policy owner is still living and the policy remains in force. If the policy is surrendered before the end of the initial term period, less than 100 % of the premium will be returned.  The longer you wait the higher percentage you will get back.  Adding the return of premium rider will increase the overall cost of the policy.

To determine if the additional cost is worth it, you need figure out what you would earn if you invested the difference.  To make a fair comparison, you need to compare this with other guaranteed investments such as fixed annuities or CD’s, because the return on a return of premium policy is also guaranteed.  However, if you are an aggressive investor you can use a hypothetical rate of return for your analysis, assuming you would invest the difference in a non-guaranteed vehicle.

Keep in mind that if the policy owner dies at any time during the term period, simply buying traditional term coverage and investing the difference will always provide the greatest return, because the policy owner’s estate would receive the death benefit and can also distribute the invested cash.

One of the most common reasons people buy life insurance is for income replacement.  PacLife has a handy insurance calculator that you can use as a guide http://www.pacificlife.com/Channel/Educational+Information/Calculators/How+much+life+insurance+do+I+need.htm

There is also a version of term life insurance that will return one hundred percent of premiums paid to the owner, if the insured is still alive at the end of the term period.  This is called return of premium term life insurance.  Return of premium term life insurance is typically available for 10, 15, 20 or 30 yrs.