Life
Term Life Insurance
Life insurance that covers you for a set number of years, then expires.
What it actually means
Term life insurance provides a death benefit only during a fixed period — commonly 10, 20, or 30 years — and is significantly cheaper than permanent life insurance because it builds no cash value. Most people buying life insurance for income replacement or debt protection use term.
Example: A healthy 30-year-old might get a 20-year, $500,000 term policy for around $25–$30 a month.
See it in context
Run the free Insurance Coverage Blueprint to see how term life insurance and terms like it apply to your specific situation — no signup required.