Product
Term Life Insurance
Coverage for a fixed period — typically 10, 20, or 30 years. The cheapest way to buy a large death benefit.
Term life pays a death benefit if you die during the policy period. If you outlive it, no payout — but you pay 5–10× less per dollar of coverage than whole life. Most working-age adults with families and a mortgage should start here.
Common term lengths
- 10 years — short-horizon needs (final years of a mortgage, kids near college).
- 20 years — most common term. Covers the typical young-family window.
- 30 years — full mortgage + kids-to-adulthood horizon.
Who term life is for
- Adults 25–55 with dependents who'd face financial hardship without their income.
- Homeowners with a mortgage that needs to be paid off if they die.
- Parents wanting to ensure kids can get through college.
- Anyone who needs the maximum coverage for the lowest premium.
If you're primarily looking to cover funeral and burial costs, see our final expense guide instead.