What Is The Longest Term Life Insurance?
11773 POINTSContact Meview profileLarry GilmorePROAgent Owner, Gilmore Insurance Services, Marysville, Washington StateThe longest term insurance? Guaranteed Universal life is the longest "term" policy a person can purchase. Simply put a guaranteed universal life policy can be a lifetime term policy as it requires only the premium be paid when due. A guaranteed universal life is not a savings plan, but simply level premium coverage.Answered on May 14, 2013+41+1 this answer
0flag this answerview more answers by Larry Gilmore- 1165 POINTSContact Meview profileChris AbramsPROFounder, Abrams Insurance Solutions, Inc., San Diego, CATerm life insurance is generally issued in 10, 15, 20, 25, and 30 year terms, with 30 being the longest. Prudential does offer a term insurance product called Worklife 65 term that offers coverage to age 65. If you are 25 years old and take out this Prudential policy, you would be purchasing a 40 year term.Answered on May 14, 2013+31+1 this answer 0flag this answerview more answers by Chris Abrams
0 POINTSContact Meview profileDavid RacichPROFountain Hills, ArizonaIt depends on the age of the insured, but a young person, who qualifies for coverage could purchase up to 40 years guaranteed level term. Again, based on age, the conventional term life insurance market can go as long as 30 years. Most defensive financial planners recommend purchasing term insurance with a conversion provision to convert to permanent life insurance in case the original coverage period is too short.Answered on May 28, 2013+21+1 this answer 0flag this answerview more answers by David Racich
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