Follow Us: Google+
 
Bankrate.com

insurance

What is term life insurance?

 

What is term life insurance?

The Bankrate.com financial term of the day is: "Term Life Insurance."

You buy term life insurance to provide financial protection for a limited number of years, when family members might really be counting on you. You could, for example, buy 30-year term life to cover the years while you're paying a mortgage or a 15-year term policy for the span of time until your now-8-year-old daughter graduates from college. Term life comes with an expiration date, making it different from and cheaper than the other major category of life insurance: permanent, which is designed to stay in place for your entire life.

Think you need life insurance but aren't sure if you need to make a life-long commitment? Then, term life insurance is for you.

To shop for insurance to fit your needs, visit the Insurance section at Bankrate.com.

advertisement

Show Bankrate's community sharing policy
            Connect with us
Compare Insurance Rates



advertisement
Most Read
  1. Headlight requirements by state
  2. Nick Nolte's house for sale
  3. 8 eerie ghost towns
  4. 7 sedans for the young at heart
  5. Social Security traps to avoid
  6. 8 affordable, classic cars for retirees
  7. 10 cars for a midlife crisis
  8. 7 Social Security benefits
  9. 9 gas-only, fuel-efficient cars
  10. Top 10 states for foreclosure
Auto Insurance Averages
Product Rate
Auto - Couple, age 30
$ 1638.13
Auto - Couple, age 45
$ 2794.86
Auto - Female, age 50
$ 1505.29
Auto - Male, age 50
$ 1561.24
View rates in your area:
Why is it called the Affordable Care Act? Consider a few supermarket price comparisons to the cost of health care.
advertisement
Partner Center
advertisement

Advertising Disclosure: Bankrate.com is an independent, advertising-supported comparison service. Bankrate may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website.