Thinking about purchasing term life insurance: Compare a single level plan vs laddering coverage

Rather than only looking to purchase a single level term policy, some consumers considering “laddering” their term life coverage. With this concept you end up with the proper amount of insurance to start the plan but over time as planned needs for life insurance drop off, coverage is automatically reduced. This can control cost while ensuring proper protection along the way.

Take a moment to run a laddered term life insurance plan. Our system will return the lowest cost options for each portion of the laddered life insurance program. Click through to start the process of obtaining coverage.

This form will show you the difference in premium for if you purchase a single 30 year level term policy vs laddering your coverage during that same period.

If you would like to run standard level term insurance quotes, visit the following page Instant Term Life Insurance

State of Residence * AlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareDistrict of ColumbiaFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWest VirginiaWisconsinWyoming

Gender *

Male

Female

Date of Birth: *

Would you like quotes to be ran at the top health class? Note that we can get into the specifics of what determines health class if you prefer. *

Yes

No, show me other health classes

Health class to quote as *

Preferred Plus

Preferred

Standard Plus

Standard

Would you like to include a disability waiver of premium rider? *

Yes

No

Disability waiver of premium riders state that if you are deemed to be totally disabled and unable to work, you are not responsible for making premium payments. The insurance company will waive the premiums and coverage remains in place.

How long would you like to have coverage in place? *

40 years (only offered by Banner Life)

35 years (only offered by Banner Life)

30 years

25 years

20 years

15 years

10 years

This form will show results that compare buying a single policy vs buying multiple or laddering coverage using one company. Below you can input the details for how coverage will reduce over time. The results will show the total premium for each year during the desired period that you have selected.

Amount of insurance to have in place for longest portion of the laddered program? *

The policy can have different amounts of insurance for each ladder step. In the final phase of the program after the other steps in the ladder have expired, how much coverage would you like to have in place?

Ladder Step #2 Term Length *

10 year

15 year

20 year

25 year

30 year

35 year

Ladder Step #2 Amount: *

Ladder Step #3 Term Length:

10 year

15 year

20 year

25 year

30 year

Ladder Step #3 Amount:

Would you like to add more steps to the policy?

Yes

No

Ladder Step #4 Amount:

Ladder Step #4 Term Length:

10 year

15 year

20 year

25 year

Ladder Step #5 Amount:

Ladder Step #5 Term Length:

10 year

15 year

20 year

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