What is Term Life Insurance?

Term life insurance is a type of insurance that provides you with temporary life insurance protection for a specific number of years.

Term life is pure life insurance because you get only life insurance death benefit protection, not an investment - there is no cash value that builds in the policy.

That's one main reason term life costs so much less than a permanent life insurance policy.

With term life you choose how long your coverage will last, from 10 to 30 years. Most term life plans offer terms of 10, 15, 20 or 30 years of protection.

The shorter the duration of your term policy, the lower the cost of your life insurance.

If you pass away during the "term" of your term life policy, your beneficiary will be paid the death benefit amount of your life insurance.

If you are alive when your term expires, your life insurance coverage ends.

Level term life insurance is the most popular type of term insurance. With level term you pay the same amount for your coverage for the entire term of your policy, and the amount of life insurance stays level.

Term life insurance is very popular among young families, home owners and people on a budget.

Learn more about how a term life insurance policy works