Boise, Idaho June 10, 2010. LifeSource Direct LLC announced today the launch of a new type of term life insurance website backed by an experienced and professional staff. The first of its kind, LifeSource Direct provides an on-demand term life insurance quotation service without the restrictions for personal information imposed by traditional web marketing practices. Website visitors can get a term life insurance quotation with comparative results without disclosing personal information.

Unlike other term life insurance quotation services, many of which are web affiliate programs that do not provide a quote without the visitor releasing private information, LifeSource Direct provides immediate quotes results. This is an invaluable tool for individuals, families and business to find the best insurance solution for their needs. In addition, LifeSource provides one of the largest term life insurance comparative engines with many A+ rated insurance carriers in a single quote service.

LifeSource Direct is one of a select group of web base insurance companies servicing the end to end insurance client needs including the categories of whole life insurance, universal life insurance, premium finance life insurance, annuities and no medical exam life insurance. As an end to end provider, the new LifeSource Direct website allows the client unlimited web access to premium financial insurance tools (how much life insurance do I need) such as ING Directs tools. LifeSource Direct provides a comparative quotation engine allowing the web visitor to create multiple insurance scenarios to help the client determine the best priced insurance solution.

Murray Owen, a principle in LifeSource Direct stated that “one of the missing elements in financial planning was a website allowing the client to run as many affordable term life insurance quotes scenarios as they want. This allow the client to fine tune pricing options that best fit their needs without the fear of being spammed by affiliate marketers”

About LifeSource Direct

LifeSource Direct (www.lifesourcedirect.com) was formed to create a dynamic, state of the art, direct sales life insurance company backed by an experienced and professional staff. Incorporating the latest cutting edge technology with one of the best consumer support staffs in the industry assures a simple and easy process for purchasing life insurance. LifeSource Direct works with top rated insurance carriers including Prudential, HSBC, SBLI, RBC, Banner Life, MetLife, Lincoln, NA, Transamerica, ING, and Genworth Financial. LifeSource Direct now works with thousands of people every year to find them the right term life insurance at the right price.

Your Free Term Life Insurance Guide

The first step in applying for a term life insurance quote is to find the right term life insurance information. What is a good term life insurance? Do I need to be covered? How do I go about applying for term life insurance? Whatever term life insurance information or term life insurance definition you need, you’ll find it here.  LifeSource Direct gives you the ABCs of term life insurance.

Do I need Life Insurance?

Life insurance is a key component of a sound personal financial plan. No matter your stage in life – young or old, single or married, with kids or without – you can usually benefit from having some form of life insurance. Working with knowledgeable professionals can help you select a term and type of coverage that meets your current needs, as well as those to come.

How long should my term of coverage be?

There are a variety of policies that feature terms of 5, 10, 15, 20, 25 and even 30 years. Helping you select a term that is consistent with your financial objectives is something an insurance professional can guide you through.

How much life insurance do I need?

Despite what you may have heard or read, there is no magic formula for determining the amount of coverage you need. Instead, the answer depends on a number of factors that vary from person to person: things like age, marital status, income level, debts, mortgages and whether or not you have children. Our experienced sales staff will help you evaluate your individual situation and select the coverage that’s right for you.

What kind of life insurance do I need?

Life insurance comes in several variations. Selecting the right policy, whether it be term life, whole life, or something else, doesn’t need to be as confusing as it sounds. An insurance professional can explain the many different options that are available and help you choose the type of insurance that suits your lifestyle now and into the future. Here are brief explanations of the types of life insurance we offer:

Term Life Insurance

Term life insurance provides coverage for a specific period of time, and is therefore temporary. Typical policy terms are 5, 10, 15, 20, 25 and even 30 years. The premium is designed to stay level during that term period. This is the most popular form of insurance used today. Term life policies are usually renewable at the option of the policy holder until the insured reaches age 95 or 100. However, premium charges will usually increase each year after the end of the initial guaranteed term period.

Whole Life Insurance

Whole life insurance is permanent insurance, which is designed to stay in effect until death. Generally, the annual premiums are constructed to remain constant throughout the life of the policy, but are typically more expensive in the first few years as compared to term life insurance premiums. Whole life policies accrue cash value the longer you own them. Depending on the terms of the policy, accrual cash value may be borrowed from the policy or applied to premium charges. Policy proceeds may be reduced by outstanding policy loan amounts.

Universal Life Insurance

Universal life policies are a form of whole life, but offer greater flexibility. You can select the amount of premium you would like to pay (within limits established by the insurance company) and your policy benefits are adjusted accordingly. This allows you to change the amount of your premium or coverage in response to changes in your life situation.

Return of Premium (ROP) Insurance

ROP combines certain benefits of term life insurance and whole life insurance. ROP offers lower premiums and a guaranteed refund of the life insurance premiums paid during the term of the policy, provided the insured doesn’t die prior to the end of the term period. The refund may not include premiums paid for disability riders, rated policies, or other instances. Ask your Term101 licensed representative for more details. ROP policies are available in several variations, including 15, 20, and 30-year terms.

Survivorship or Second-to-Die

A type of Universal or Whole Life coverage, these policies pay a death benefit upon the death of the second of two insured people. It is particularly useful to individuals whose heirs will face substantial estate tax liabilities. The insurance company does not pay the death benefit until the second person dies. This then provides money to pay estate taxes when they are needed, or otherwise use the proceeds by the beneficiary.

Age 100 Level Guaranteed

Usually a type of Universal Life, these plans feature set premiums and death benefits to age 100. Many plans allow you to maintain the insurance without paying additional premiums if you live past 100.

Choosing between the many types of life insurance available is a function of where you are in life and what financial assets you are trying to protect.  A Term101.com insurance professional can help you decide which insurance is appropriate to your individual needs. Please call (866) 340-4748 to learn more.

I’m not in perfect health. Can I still get insured?

You will ask you a number of specific questions about your health history that will be used to help determine whether you qualify for coverage.  Helping customers who feel their health histories would preclude them from obtaining coverage find a policy that meets their needs and is affordable is what a insurance professional does.

I am a smoker. Am I still insurable?

In most cases, brokers are able to obtain insurance coverage for customers who smoke. Your premiums may be higher than a non-smoker, but you might be surprised at the rates we can make available. A short conversation with a member of our sales team will yield a detailed answer specific to your individual situation.

Get One of the Best Term Life Insurance Quotes Online!

Buying from a term life insurance company can be confusing, complicated, time consuming and dare we say, frustrating. It shouldn’t be, and that’s why LifeSource Direct is here.

LifeSource Direct works with thousands of people every year to find them the right term life insurance quote online at the right price. We do it with the latest technology to research thousands of policies, and we do it with attention to detail and conscientious customer service that make the purchase process efficient, flexible and user-friendly.