Whereas, permanent life insurance which provides lifetime protection, usually costs up to 5-10 times more than term life for the same amount of life insurance coverage.
Term life offers you the option of buying coverage for a policy term of 10, 15, 20, 25, 30, 35, or 40 years.
The shorter your policy duration, the lower your annual cost of life insurance, because you have less of a chance of dying, compared to longer policy terms.
Level term life insurance is the cheapest type of life insurance. Level term gas premiums that never increase and coverage amounts that never decrease during thew policy term.
You can save even more money by comparing multiple life insurance quotes online from several of the leading life insurance carriers in America to help you find the most affordable policy.
Here's how to get the cheapest life insurance coverage.