There's several things that are important to know about a term life plan before you make your purchase.
Term life is temporary, so make sure you choose the "term" (duration) of life insurance that meets your needs. Term life plans usually offer coverage for a period of 10 to 30 years. You may be able to choose a term of 10, 15, 20, 25 or 30 years of coverage.
Term life may also offer the option of converting your term life coverage into a permanent life insurance policy in the future if you decide you need permanent coverage.
And, term life insurance may offer the option of renewability, which means when your term ends, you may renew your term life insurance policy for another term of 10 years, usually, without having to take a medical exam.
Your renewal premium will be higher, based on your age at the time you renew your term policy.
There are term life insurance plans called "return of premium" which charge a higher premium, but you get back most of the premiums you paid, if you outlive the term of your term life policy.
Also, there are term life insurance plans without any health exam required. If you qualify, you may be able to start your life insurance right away.
Here's how you can compare term life insurance prices online from leading insurance companies in just a few minutes.