When it comes to life insurance, there are two basic types: Term and Permanent.
Term is temporary coverage lasting for a duration of up to 30 years, compared to permanent which provides lifetime protection.
Permanent life insurance can cost up to 5-10 times more than term life insurance for the same amount of coverage.
With term life, you can choose a policy duration (term) of 10, 15, 20, 25 or 30 years to meet your specific life insurance needs.
The shorter your policy term, the lower your annual cost of insurance.
Learn more about how to find cheap life insurance coverage.