Why? Because, term life is temporary, for a set period of time; whereas, whole life insurance provides lifetime coverage.
However, term life may offer life insurance protection for up to 30 years, or until you reach age 65 or 70, while your life insurance needs are greatest. And, it costs a lot less than you would pay for whole life insurance protection, which means you can afford much more life insurance.
Level term life insurance is the most popular type of term life policy and offers premiums and coverage that remain level (the same) each year during the term of your term life insurance policy.
Many people choose a 10, 15, 20 or 30 year term life policy to meet their life insurance needs, and save some money to pay for their final expenses, if they outlive the term of their term life plan.
Here's how you can compare term life insurance rate quotes among several leading life insurance carriers to help you find an affordable policy to protect your family.