What is term life insurance

If you want to know what is term life insurance, then it is a life insurance that is limited for a certain period. You can buy a term insurance and premium is normally based on age and health. You can apply for 10 and 20 year term and after that term ends, you will have to apply for renewal. Term insurance does not build up cash value on your premium and the money when you does goes to your designated beneficiary. If you are buying one, shop for a quote but remember low price does not mean it cheapest. You have to consider that rating of that insurance provider to make sure that you are getting the value for your money.