Which life insurance for adults would be cheapest and why?

The cheapest type of life insurance for adults is term insurance, which costs a lot less than permanent life insurance.

Term life insurance is the cheapest for a few reasons:

  • It is temporary, for a period of up to 30 years.
  • It is pure life insurance protection.
  • It does not build top any cash value inside the policy.
  • You may outlive the "term" of you policy - meaning their would be no payout.
Term life offers the maximum amount of life insura...
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