Life insurance is [pays out a death benefit upon the passing of an insured person.
Whereas, term insurance is one type of life insurance, which provides temporary coverage usually lasting for a period of 30 years or less.
Some life insurance plans provide lifetime protection and build some cash value inside the policy; whereas, term insurance is pure death benefit protection with no cash value feature inside the policy.
Permanent (lifetime) life insurance policies usually cost up to 5-10 times more than term life insurance for the same amount of insurance protection.
Learn more about life insurance versus term insurance.