What is the Cheapest Life Insurance?

If you're looking for the lowest priced life insurance policy you'll want to consider term insurance.

Term insurance is temporary life insurance lasting for a duration of 30 years or less.

The "term" is the period of time you have the life insurance protection.

You may be able to select a "term" of 10, 15, 20, 25 or 30 years.

The shorter the term (duration) of your policy, the lower your cost per $1,000 of life insurance protection.

So, the annual premium for a 5 year term life policy would be cheaper than the annual cost of a 10 or 15 year term policy.

Here's how to learn more about finding life insurance cheapest coverage.