Term life insurance is the most affordable life insurance coverage for young people with a family, or those needing protection for a period of 30 years or less.
Term insurance provides temporary life insurance for up to thirty years. It costs a lot less than permanent life insurance because it is temporary, and does not build any cash value inside the policy.
Term life insurance is pure life insurance protection not an investment.
With term life you select the term (duration) of your life insurance for a period of 10, 15, 20 or 30 years.
Since term life is the most affordable life insurance it allows you to buy the most life insurance coverage at the lowest cost.
With level term life insurance your premium stays the same each year, and the amount of life insurance remains the same each year for the entire term of your life insurance policy.
Here's how you can learn more about getting affordable life insurance for families.