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15 Year Term Life Insurance

15 year term life insurance provides protection for a period of 15 years. During the 15 year term, the premiums are guaranteed to remain level. This means that the rate you pay initially will never increase throughout the life of the policy. Although affordable, 15 year term life insurance is an uncommon life insurance purchase. Why? Because 20 year term life insurance offers coverage for a longer period of time at a similar cost. In many cases, it makes sense to add the additional 5 years to a 15 year quote, especially if you are young and healthy. However, if your budget is limited, some life insurance coverage is better than nothing at all. Start with 15 year term insurance and add more when your financial situation improves.

15 Year Term Life Insurance Options

There are many life insurance riders available with 15 year term life. If your budget limits you to purchasing a 15 year term life insurance policy instead of a 20 or 30 year policy, consider including the following affordable options:

• Child rider - Ensure your child's future insurability with a child life insurance rider. Insuring your child now, guarantees their ability to obtain more life insurance when they have their own family to support financially. This rider only costs a few extra dollars per month.
  
  
• Waiver of premium - With the waiver of premium rider, the life insurance company will pay your premiums if you become disabled for a certain period of time.
  
  
• Return of premium - Get a full refund of your life insurance premiums if you outlive the length of your policy.

Learn more about life insurance riders.

For more information on the rates, features and overall value of 15 year term life insurance policies, contact a licensed agent AccuQuote. Call 800-442-9899. In addition, AccuQuote can provide rate comparisons between 20 and 15 year term insurance policies.