Usually, term life offers life insurance for 10, 15, 20 or 30 years, or until you reach age 65 or 70.
If you outlive the term (duration) of your term life insurance plan, your life insurance coverage expires. Renewable term life insurance allows you to renew your coverage for another term, without having to take a physical exam to qualify.
There are different types of term life insurance, including level term, decreasing term, return of premium, and term life insurance with no exam.
Term life insurance costs a lot less than whole life insurance because it is temporary coverage, and does not build cash value inside the policy, it is pure life insurance protection. Here's how you can learn more about how term life insurance works.