Usually, term life insurance is purchased by those who need protection to last for thirty years or less, since term life offers life insurance for 10-30 years periods of coverage.
You may be able to choose a term life policy that provides life insurance for 10, 15, 20, 25 or 30 years.
Term life is not only the cheapest life insurance for 30 years or less, it provides you with the flexibility to choose coverage for the duration you need it to last, to meet your family's specific life insurance needs.
Some of the more common reasons to buy term life include to protect your young children until they are grown up and on their own, to provide for your child's education, to pay off your home mortgage loan, and to replace your income for your family.
Learn more about who needs term life insurance.