Cheaper Term life insurance is "pure" insurance -- it pays a death
benefit if the insured person dies during the term of the policy, but does not build any cash value. Economical term insurance offers the most dollar protection for your money. Term insurance provides protection only for a set period of time: 1, 5, 10 or 20 years. When you have a mortgage
to pay, children to support, income to replace, or other large but temporary debt concerns, term insurance may be the right choice. Benefits usually stay constant for the life of the
policy. Some term insurance policies can be converted to whole life insurance -- possibly without a medical examination.
Why Consider
Term Life Insurance