Why Is Term Life Insurance Often The Best Value?

Term life insurance is often the best value because it has the lowest rates for your life insurance coverage for a limited period of time.

If you only need life insurance for 30 years or less, then a term life policy may offer the lowest cost.

Since term life is temporary, the chances of a death benefit being paid out are much lower than for a permanent life insurance policy. So, the rate you pay per $1,000 of life insurance coverage is much lower than you pay for permanent life insurance. Compare term life insurance rates from several highly-rated life insurance carriers.