How Do I Buy Term Life Insurance? 
Video Transcript : Today 's question is , `` How to buy term life insurance ? '' Well , I say , when I go out to the brokerage market I want to see a brokerage house that shows as many carriers as possible and , believe you me , there are hundreds of term life insurance companies . I want to look at their premium price because they vary between first place and twentieth place . It could be 20 percent premium , so you definitely want to shop it . The second thing , who is the most benevolent underwriting company ? Who is going to give you the best possible offer based on your medical history and your paramed exam that you 're going to need to take with the application . To me it 's really important when you 're looking at buying term life insurance to make sure you cover the period that you need to have , that you already settled in your mind that is a temporary coverage need and you do n't need permanent . When you 're looking at term , it 's price and your underwriting offer that you 're going to get from your carrier . 