For example, did you know that term insurance is temporary? And, that it lasts for a specific period of time - usually up to 30 years or less.
Also, did you know that if you outlive the duration of your term policy, there is no payout of any benefits?
But, it does cost a lot less than permanent life insurance, which is a main reason people purchase term life, and because they only need protection for a period of up to 30 years.
Here are some more things to know about term life insurance.