What you need to know about term insurance

Term insurance is one of the most popular types of life insurance. It is designed to provide financial protection for a specific period of time, usually 10, 20, or 30 years. If you die during the term of the policy, your beneficiaries will receive a death benefit. If you live to the end of the term, the policy will expire and you will not receive any death benefit. Term insurance is usually much cheaper than permanent life insurance. It is a good choice for people who are looking for temporary life insurance coverage.