Term life insurance offers you the very lowest rates on life insurance protection for three main reasons:
- Pure Protection
- No Cash Value
Term insurance is temporary life insurance lasting for up to thirty years, depending on the duration of coverage you choose, from 10, 15, 20 or 30 years.
Term insurance is pure life insurance protection, providing no investment feature, just insurance.
In addition, there's no cash value buying up inside a term life policy as there is in permanent insurance.
Finally, since term insurance is temporary, many people may outlive the duration of their life insurance policy.
Due to the reasons listed above term insurance rates are much lower than you would pay for a permanent life insurance policy.
Learn more about affordable term life insurance coverage and how it works.