Term life offers the most affordable coverage with options of term duration ranging from 1 year to 30 years.
The shorter your term for coverage, the lower your annual premium.
Most insurers offer term life policies with coverage options of 5, 10, 15, 20, 25 or 30 years.
When comparing prices for term life insurance you can request quotes at all term lengths so you can see how much more it costs for your term coverage to last longer.
And, if you decide at the end of your term you still need coverage, you may have the option to renew your policy for another term, usually up to 10 years, for a higher premium based on your age at time of renewal.