Term 30 Life Insurance

Term 30 life insurance has life insurance premiums set for a period of 30 years. This form of term 30 life insurance is not as popular as term 10 life insurance or term 20 life insurance.

Term 30 life insurance provides many of the same features as term 20 life insurance. The policies are both renewable and convertible, with specific age restrictions in place. The premiums on term 30 life insurance are higher than both term 10 life insurance and term 20 life insurance. In the majority of cases individuals looking at term 30 life insurance would be more suitable or better off with comparable term to 100 term life insurance.

Summary of Term 30 Life Insurance:

  • More expensive than term 10 and term 20 life insurance
  • Premiums are set and guaranteed for thirty years
  • Renewable after a 30 year period without a medical; with certain age limits and restrictions
  • Convertible to permanent insurance
  • Widely available from many life insurance companies
  • Provides adequate mortgage life insurance protection without declining coverage
  • Easy to purchase and establish

Term insurance provides individuals with a suitable solution to deal with shorter term insurance needs. Individuals should always consult with experienced insurance agents. Every individual and each family has unique circumstances and needs.

Investment Advisor?

Your name could be here!

Insurance Calculators

Best Insurance Rates

Our sponsors
TorVest Logo Century21 Regal Reality Logo Premier Planning Logo RAM Contracting Logo
RateSave Canada AppRateSave Canada App