When choosing the right "term" for term life coverage you'll want to consider how long a period of time you will need life insurance in order to accomplish the goal you have set for your policy.
For example, for people who want the life insurance to provide funds to pay off their home mortgage, you'll select a "term" that matches the length of time you have your mortgage loan - either 15, 20 or 30 years.
And, if you need life insurance to provide funds for your child to go to college should you pass away, then select a "term" that will last until your child reaches at least age 22.
So, if you have a 2 year old, but a term life policy with a "term" of at least 20 years.
Here's how to learn more about what life insurance term to get.