Term Life Insurance is the Least Expensive

Yes, term life insurance is the least expensive type of life insurance available for a period of 30 years or less.

Term life costs less than other types of life insurance because it is pure protection, providing only a death benefit, and only if the insured dies during the policy term.

There is no cash value inside a term life policy, and if you outlive the duration of your coverage, there is no payout of any benefits.

Learn more about why term life insurance is the least expensive life insurance coverage.