What is the cheapest type of life insurance to buy which would give my family the most protection?
Term life insurance coverage is the lowest priced life insurance.
Term life costs the least because it provides temporary protection for a set number of years.
For example, you may be able to buy a term life policy that would provide life insurance for a period of 10, 15, 20, 25 or 30 years.
If you outlive the term (duration) of your term life policy, the life insurance coverage ends.
If you pass away during the term of your term life policy, the death benefit is paid to your family (beneficiary), subject to any exclusions in the life insurance policy.
Many people choose term life coverage because it offers the most life insurance protection at the lowest price.
Learn more about how term life insurance plans work and compare prices online today.