The life insurance that offers the lowest rates for the maximum amount of life insurance coverage is term life insurance.
Term life is cheapest because it does not build cash value inside the policy, it only provides a death benefit.
And, it is temporary, providing coverage for a period of 30 years or less.
In addition, you may outlive the duration of your policy, which means your life insurance coverage would expire.
That is why permanent life insurance may cost up to 5-10 times more than term life insurance plans.
Learn more about finding the most affordable life insurance policy.