Term life insurance is one of two basic types of life insurance which includes term and permanent.
Term life is temporary life insurance for a set number of years.
Term life has the lowest prices for life insurance for a p[eriod of 30 years or less.
Most term life insurance plans offer coverage for a term of 10, 15, 20 or 30 years.
The price you pay for term life will depend on your risk factors which may include your age, gender, health, height-to-weight ratio, occupation, hoboism lifestyle, and tobacco use, among other factors.
The length of term and the amount of life insurance will also affect the price you pay for your term policy.
With level term life insurance you pay the same premium each year for the duration of your term life policy, and the amount of life insurance remains level throughout the entire term of your policy.
If the insured person passes away during the term of the policy, the death benefit is paid out to the person's beneficiary.
Learn more about term life and how it works.