Term life insurance is a type of life insurance plan that provides temporary coverage lasting for a specific number of years, usually up to 30 years.
Many insurers offer term life options of 10, 15, 20, 25 or 30 years of protection.
The longer your policy term (duration), the higher your cost of coverage.
Term life offers death benefit only coverage, which means there is no cash value or investment feature of the policy, only life insurance death benefits.
It's the cheapest type of life insurance available, which means it allows you to afford the most life insurance protection for your money, by far.
Learn more about what is a term life insurance policy and how it works.
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