It's a type of life insurance that only provides a death benefit, but no cash value/investment feature.
Term life is DBO life insurance, because it is pure protection with no cash value, only a death benefit.
Term life offers protection for a duration of 10, 15, 20, 25 or 30 years.
The shorter your policy term, the lower your annual cost of coverage.
Learn more about life insurance with death benefits only.