Term life insurance offers the lowest pricing available for life insurance.
With term life you choose a "term" which is the duration for your life insurance protection.
The shorter your term life policy "term", the lower your premiums.
Term insurance offers coverage for a period up to 30 years, but you may be able to choose term for 10, 15, 20, 25 or 30 years.
Permanent life insurance is the other type of life insurance policy, and costs up to 5 to 10 times more for the same amount of coverage as term life, because permanent provides lifetime protection and builds up some cash value inside your plan over the years.
Learn more about which is the cheapest life insurance policy.