Usually, the cheapest life insurance is term life because it provides temporary coverage for up to 30 years, and it is not an investment, but pure life insurance protection.
Whole life on the other hand provides lifetime coverage and may build some cash value inside the policy, in addition to the death benefit, which is why whole life usually costs a lot more than term life insurance.
If you need lifetime coverage to provide for your final expenses, whole life may be an option to consider.
If you need a lot of life insurance for a small amount of money, for 30 years or less, term life insurance may be an option to consider.
Here's how you can learn more about how term life insurance works and request your free life insurance quotes online for comparison.