Usually, term life offers Policy Term options of 10, 15, 20, 25 or 30 years in duration.
Term life is death benefit only coverage with no cash value investment feature, only a death benefit.
If you pass away while you are insured, the death benefit is paid to the beneficiary of the policy.
If you outlive the duration of your policy term, there coverage ends with no payout.
Learn more about term life insurance and how it works.