It’s temporary coverage that provides the people or charities you name as beneficiary with a tax-free payout if you die within the term you choose.
The payments you make, called premiums, are set for the term you choose and won’t change during that period.
Budget-friendly coverage; Payments don’t change for the period you choose.
Overall, term life insurance is more affordable than permanent life insurance. There are a few factors that can affect the price of your policy including age, health, gender and occupation.