Term Life Insurance is a type of insurance policy that gives you coverage for a certain period of time. It pays a set amount of money to your loved ones if you die during that period. It's usually a good idea to buy a term life insurance policy if you want your family to be financially secure if something happens to you.The insurance industry is constantly evolving. Insurance providers are forever trying to refine the balance between cost and coverage. As competition gets stronger, companies are working harder than ever to bring you the best protection at a price you can afford
A term life insurance policy is the simplest, purest form of life insurance: You pay a premium for a period of time – typically between 10 and 30 years – and if you die during that time a cash benefit is paid to your family (or anyone else you name as your beneficiary).