The free quote comparison service from eFinancial uses advanced search technology to find you the best rates on life insurance. It takes less than 1 minute to search the top companies. You will receive the 12 lowest quotes from more than 77 top-rated insurance companies. If you need help with your application, dedicated customer service agents are available.

Term Life Insurance Explained

Term life insurance offers life insurance protection for a specific number of years. It builds no cash value, you pay only for the life insurance.

That's why term life is less expensive than permanent life insurance. That means you can afford more protection for your loved ones.

• Term life insurance lasts for a specific number of years, from 1-30 years. The most common terms are 10, 15, 20 or 30 years.
  
  
• Term life insurance policies pay the beneficiary the face amount of the life insurance policy if the insured person dies during the term of the policy.

  For example, a 15-year term life policy with a face amount of $250,000 would pay $250,000 to the beneficiary if the insured died any time during those 15 years.
  
  

• Usually, term life insurance costs 2-3 times less than permanent life insurance.
  
  
• If you outlive the term of your life insurance policy, your coverage ends.