10-15-20-30 year Term Life Coverage by

It depends on where you are in life.  If you are younger (20's, 30's) you may have more responsibilities than a person who is in their 50's with the children out of the house.  In general, because Term insurance is based on age and health, my recommendation is always to get as MUCH coverage as you can comfortably qualify for an afford.  Typically you want to cover years of salary, debt, college expenses for children, etc. 

Yes - Plumlife

• Offers a guaranteed level premium term product in 10, 15, 20, 25 and 30 year terms with coverage amounts from $100,000 to $10M.  
• For Coverage amounts under $750k or ages 18-60, Plumlife uses an accelerated UW process.  That means no labs or medicals are required.  Guaranteed!  Plumlife wants to get you the coverage you need fast, and without any hassle
• For Coverage amounts over $750k or ages 60-74, Plumlife uses a more traditional UW process. You will require a medical, but we’ve made the process easy and 100% digital.    

One of the best parts of Plumlife is that their application process never needs any personal information in order to finalize a quote for coverage.

Yes, you can cover your dependents

Absolutely yes.  Typically employer-paid life benefits are not easy to "port" and continue coverage without either showing evidence of insurability or the rate increasing.  Plumlife is a perfect option to obtain coverage at your age now as you will now own your own coverage that you can depend on

Policies are underwritten by The Savings Bank Mutual Life Insurance Company (www.sbli.com). Unlike many well-known insurance companies, SBLI is not a publicly traded company. Which means they are not subject to stock market volatility or beholden to the profit-minded goals of a bunch of faceless shareholders. Instead, SBLI is owned by their policyholder, which means they are accountable to them, not Wall Street, which gives SBLI the luxury of being able to think for the very long term. Their focus is keeping policy costs down instead of keeping stock prices up, measuring success in total customer happiness, not shareholder dividends.

It might - it depends on the face amount of coverage.  Plumlife will also check your medical history (called the "MIB" - medical information bureau...not the MIB guys in black suits...), credit, driving record and depending on the face amount, perhaps tax returns

Depends on your age, face amount, as well as your answers to the application questions.  For some, approval can be in a few hours.  For others, if attending physician statements (APS) have to be ordered, it may take a few days to up to a week.  I purchased $100k (I'm age 62) and the application was completed and issued within a day (for only $37 a month - 15-year term...wow!)

Good question.  First of all, the "beneficiary" is the person or entity (non-profit, employer, trust, etc.) that you designate to receive the funds upon your passing.  Beneficiaries can be changed, so you don't have to make a lifetime decision on the application. You can list a primary beneficiary, split the funds, list a contingent beneficiary (no social security number needed but you will need their DOB and address) and again, you can always change it in the future but be sure to keep it current! as we all have heard stories of a sudden passing and the wrong person receives the benefit (no fun).

As with any life insurance application, you will be asked health and lifestyle questions which you will want to answer honestly.  I had to list my primary physician, but it was easy:  the system automatically found her address in Kailua.  I also had to list my current life insurance policy information, so you may need that for the application (especially if you are replacing a current policy).  You will also need your beneficiary address and date of birth (no social security number needed).

Absolutely.  I love this question.  First of all, life insurance creates an "immediate estate" while understanding that you will never be able to purchase life insurance cheaper than you will at the age and health you are now.  At age 22, my son purchased both whole and term insurance.  The premiums were incredibly low, he locked in the rates for years as he knew one day he would own property, have a family, etc.  He now owns two pieces of property (at age 29) and he also has the peace of mind of knowing he will have his final affairs handled, cash value accrued with whole life insurance for any needs down the road.  It's really about being fiscally responsible and if he never starts a family, he can leave the benefit to his favorite charity down the road.