With term life insurance, you pick a term length (from 10-30 years) and coverage amount that you need, you pay your monthly premium (or annual) and you’re covered.
The coverage ends once the term length expires. This way, you no longer have the added cost of life insurance but you have peace of mind during the time you were covered. Term life offers flexibility to meet your personal life insurance needs and budget.
Term life offers the most affordable protection for a duration of 30 years or less. In fact, it may cost much less less than your cable bill each month.
For example: A 20-year, $500,000 term life insurance policy for a healthy 35 year old may cost about $25 per month.
Here's how you can compare affordable term life insurance quotes among several leading life insurance companies.