Term life has the lowest rates available for a life insurance policy for several reasons:
- Temporary Coverage - Choose 10, 15, 20, 25, 30, 35 or 40 years of protection.
- You may Outlive your insurance term.
- Pure Protection - Only provides a death benefit.
- No Cash Value.
These are all reasons why a permanent life insurance policy providing the same amount of coverage may cost up to 5-10 times more than term life insurance.
Here's how to find the best life insurance rates.