Get a 1-year, short-term life insurance policy with affordable rates & up to $200,000 in coverage. With no medical exam, you can buy a policy in minutes.
Short-term life insurance is designed to provide your loved ones with financial support in case you pass away within one year of purchasing the policy. One-year life policies start at just $7 per month* with coverage levels going up to $200,000. At the end of your term, you can decide to purchase another year of short-term coverage, a longer term life insurance policy (starting at 10 years), or a permanent policy like whole life.
Short-term life insurance coverage works just like a standard term policy, except that it's only in effect for one year rather than 10 or more years. If you pass away during the year of coverage, your beneficiaries can file a claim for your policy's death benefit, and they may use the payout dollars however they wish — to help pay off debt, cover end-of-life expenses, or pay for everyday costs. You can even name a charity as one of your beneficiaries.
Compare rates of term life insurance policies with 10-, 15-, 20-, and 30-year terms. There are comparable rates available and coverage levels that go up to $2 million or more. Plus, generally, the younger you are when you purchase a policy, the cheaper your premium will be.
One-year, short-term life insurance is designed for individuals just starting out with life insurance and those looking to fill a temporary gap in coverage (for example, if you're between jobs). A one-year term allows you to quickly access ample coverage with a flexible commitment. At the end of the year, you can purchase another year of coverage or get a different life insurance policy.
Progressive Advantage Agency, Inc. (PAA) will transfer you to Efinancial, LLC for placement with insurers offering this coverage. eFinancial and the insurers are not affiliated with Progressive and are solely responsible for their websites, products, and services. Information about you is subject to their privacy policies and may be shared with PAA and its affiliates for their marketing and other uses.
PAA receives compensation from eFinancial or its affiliate that may vary based on the number of applications taken by eFinancial and the policy you buy. Contact us for more details.