The lowest cost life insurance coverage is term life insurance, because it is temporary protection, lasting for up to 30 years.
Whereas, permanent life insurance provides lifetime protection, no matter how long you live.
Term life offers you the option of choosing coverage that lasts for a period of 10, 15, 20, 25 or 30 years, to meet your specific needs.
The short the Policy Term (duration), the lower the cost of your life insurance coverage.
Learn more about low cost life insurance policies.