Term Life Insurance Review

What is term life insurance coverage?

It's life insurance that lasts for a set number of years, usually from 10 to 30 years.

How does term life coverage work?

With term insurance you select a "term" which is the duration of your coverage, from 10, 15, 20, 25 or 30 years. Your life insurance lasts for the term of your policy.

If you pass away during the term, your beneficiary receives the death benefit payout from your policy.

If you outlive the term of your coverage, your life insurance expires and there is no payout from your policy.

Term life is the most affordable type of life insurance because it is temporary, builds no cash value, and many people may outlive the length of coverage provided by the policy.

If you need the most life insurance for your money or need coverage for 30 years or less, term life offers a good option. Here is a complete review of term life insurance.