Term life is temporary, usually lasting for a period of 10 to 30 years.
However, you may be able to choose a policy term of 10, 15, 20, 25, 30, 35 or 40 years, depending on your age and health.
Permanent life insurance which provides lifetime protection usually costs up to 5-10 times more than the same amount of term life insurance coverage.
Term life costs so much less because it is temporary, you may outlive the duration of your life insurance coverage, and it builds no cash value inside the policy.
Learn more about the cheapest life insurance coverage available.