That depends on your situation and needs. There are a few types of term insurance, including level term, decreasing term, annual renewable term, and return of premium term life insurance.
The most common and most popular type of term insurance is level term life insurance.
Why Choose Level Term Life Insurance?
Level Term is the most popular term life policy because it offers the most affordable rates guaranteed for the entire duration of your policy term.
With level term insurance the premium you pay for coverage is the same each year for the entire length of your life insurance coverage.
And, the amount of life insurance provided by your level term policy does no decrease, it remains the same throughout the life of your policy.
And, you may have the option of "Guaranteed Renewability", which means you can renew your policy for up to 10 years if needed, without having to take a medical exam to prove you are eligible to be insured.
Whether you are on a budget, need the most protection for your money, or want to get the best plan to protect your family for a period of up to 30 years, level term life insurance may be right for you and your loved ones.