The cheapest type of life insurance you can buy is term life insurance.
Term life is the lowest priced type of life insurance because it is temporary coverage and provides a death benefit, but there is no cash value that builds up inside the policy.
It is not an investment, it is pure protection.
In addition, you may outlive the duration of your term life insurance, which means there would be no payout of any benefits.
Term life offers coverage lasting up to 30 years, depending on your specific needs.
Permanent life insurance usually costs up to 5-10 times more for the same amount of life insurance compared to pricing for term life insurance.
Here's how to find the cheapest life insurance coverage.
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