The lowest cost type of life insurance available is term life insurance.
Term life offers the lowest rates on life insurance because it provides you with temporary life insurance protection lasting for a specific period of time.
Usually, term life offers coverage lasting for thirty years, or less.
You may be able to choose a policy term of 10, 15, 20, 25 or 30 years.
Term insurance costs less than other types of life insurance because it is temporary and does not build any cash value, it provides a death benefit only.
Learn more about finding low cost life insurance plans.