Term life is cheapest because it is pure protection with no cash value, only a death benefit, should you die during the policy term.
Term life is temporary coverage lasting up to thirty years, usually. You may choose term life plans for a duration of 10, 15, 20, 25, 30, 35 or 40 years.
The shorter your policy term, the lower your annual cost of life insurance.
To find the cheapest term life policy, just compare free term life insurance quotes online. That way, you can find out which insurer offers the most affordable life insurance coverage.
Also, the younger and healthier you are, the lower your annual premium will be for life insurance.
Learn more about how to get the cheapest life insurance policy.