Term life insurance is a type of life insurance that provides coverage for a specific period of time, such as 10, 20, or 30 years. It is a relatively inexpensive way to provide financial protection for your loved ones in the event of your death. If you die during the term of the policy, your beneficiaries will receive a death benefit that can be used to pay for funeral expenses, outstanding debts, or other financial obligations.
There are many reasons to buy term life insurance. First, it is an affordable way to provide financial security for your family. Second, it can help you protect your loved ones from the financial burden of your death. Third, it can give you peace of mind knowing that your family will be taken care of if something happens to you.