Since term life is temporary, it expires after a certain number of years, if you have not passed away, there is no payout of any benefits.
This means, term life is best suited for anyone who needs their life insurance to last for a period of thirty years, or less.
Usually, term life plans offer "Policy Term" options of 10, 15, 20, 25 or 30 years of coverage.
If your need for life insurance is to provide protection lasting for 30 years or less, term life offers the most affordable coverage available.
That's why many people choose to buy term life to protect their home mortgage loan, or provide protection for their family until their children are grown up and living on their own.
Learn more about who needs term life insurance protection.