Term Life
Term Life Insurance provides life insurance protection for a specified period of time. Once the term expires, policyholders can either renew it for another term, convert the policy to permanent coverage, or allow the term life insurance policy to terminate. Level term periods range from 10 to 30 years, and both the death benefit and premium are fixed. Term Life Insurance is predominantly attractive to young adults with children as parents may obtain large amounts of coverage for reasonably low costs. Upon the death of an insured parent, the significant benefit can replace lost future income