How to find the Best Term Life Insurance in Illinois


When someone sets out to get term life insurance in Illinois, they don’t usually go with the very first company they find. That’s because people want the best term life insurance they can find.  This isn’t something where going with the cheapest is always a good idea—this is the money that will provide for your family if something horrible were to happen to you. 

Here are a few tips on finding the best term life insurance in Illinois:

Start Online

As with anything, always shop around first. If you’re looking for term life insurance, Illinois has plenty of options, but with lots of options can come lots of work. The more information you gather, the more you’ll learn about term life insurance and the many different ways a policy can be written. 

With an online quote system, like ours at TERMdog, you can plug in the necessary numbers and get a simplified answer right away. Then, when you’re ready to take the next step, you will already have an idea what coverage options you will have.

Assess Your Risks

The risks you take in your daily life are going to affect how a life insurance company in Illinois sees you. By assessing the risks you take and potentially eliminating some of them, you can get a much better policy. 

But you also need to look at how each company approaches the risks you take on a daily basis, whether that risk is a health issue or something like riding a motorcycle.  Some companies may penalize people who ride bikes more harshly than another.

Are you Changing Jobs Soon?

Sometimes you can purchase life insurance through your employer, but that policy may not transfer to another employer if you change jobs. For that reason, many people purchase their life insurance on their own. If you’re set in your career and you expect to be with a company for years, it could be wise to take the benefit depending on if the coverage will be enough for your family. 

However, if you’re uncertain about your future, it may be best to look for a third party. The last thing you want is to pay premiums into a term life insurance policy that you can’t take with you.

Additionally, you can also look into having a dual policy- one through your employer and one that you purchase separately. Many people like having this as an option, not only to get the extra coverage, but as a way to safeguard against a company policy not paying out in the event that the death should occur off company time.

Get Opinions from Real People

Talk to your friends and co-workers who have lived in Illinois for years. They can tell you which insurance companies have treated them like royalty and which were only looking to get their money. 

Life Insurance is Available to Stay-at-Home Parent

Many people don’t realize that they can get term life insurance if they are a stay-at-home parent. They are certainly providing an insurable need to others because the working parent might be unable to pay for childcare in the event the stay-at-home parent died. 

When looking for good insurance policies, don’t automatically disregard covering the both of you. In addition to the coverage, you may be able to get a discount for purchasing two policies.

Get More Information

Most importantly, remember that you’re not alone in your search for life insurance. At TERMdog, we’re here to help answer questions and even clarify grey areas that you may not fully understand. Give us a call and let us know how we can get you on your way to a worry-free lifestyle. 


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