What is Term Life Insurance Good For?

If you are considering the purchase of a term life insurance policy, you probably need protection lasting for a period of thirty years or less.

Term life is temporary protection which means it lasts for the duration of your policy "Term". A term for term life coverage may be for 10, 15, 20, 25 or 30 years, usually.

Many people buy term insurance to provide protection for their family to replace their income, pay off the mortgage loan, or other debt they leave behind.

Term life offers the lowest priced life insurance protection by far, compared to other forms of coverage available.

However, you may end up outliving the duration of your term life insurance policy.

Learn more about what term life insurance is good for.