Term insurance is temporary with coverage for up to 30 years, or until you reach a certain age, such as, age 65 or 70, usually.
Whereas, permanent life insurance provides lifetime coverage and may build up cash value inside the policy over the years.
Term life insurance is by far the cheapest type of life insurance, which means you can afford to buy a lot more life insurance protection for your family, especially if you're on a budget.
If you have a life insurance need for 30 years or less, term life provides the most affordable type of life insurance protection.
And, level term life insurance has premiums that stay the same each year for the entire term (10, 15, 20, 25 or 30 years), while the premiums remain level each year.
You can compare term life insurance rates by contacting a local life insurance agent, calling insurance companies direct, or visiting a life insurance quote provider on the internet.
Before comparing term life rates make sure you consider how much life insurance you need, for how many years you need life insurance, what you can afford to pay, do you and your spouse need life insurance, and review the financial strength ratings of the insurance companies you get quotes from before choosing a plan.
Here's how you can request your instant term life insurance rate quotes online from several leading life insurance companies.