The cheapest type of life insurance you can buy is term life insurance.

Term life is the lowest priced type of life insurance because it is temporary coverage and provides a death benefit, but there is no cash value that builds up inside the policy.

It is not an investment, it is pure protection.

In addition, you may outlive the duration of your term life insurance, which means there would be no payout of any benefits.

Term life offers coverage lasting up to 30 years, depending on your specific n...

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Is there any cheap life insurance available for families?

Yes. Term life insurance is by far the cheapest type of life insurance available.

Term life offers low cost coverage lasting for a period of up to 30 years.

You can buy term life insurance plans on yourself, your spouse and your children.

Or, you could buy a term life insurance policy on yourself and add riders to your policy to provide coverage for your spouse and children.

Learn more about how to find cheap life insurance for families.

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How is it possible that some life insurance policies can be so affordable?

Well, it really depends on the type and amount of life insurance, and your age, gender and health, among other things.

But, if you are young and generally health, you may qualify for really affordable rates on term life insurance which is temporary life insurance lasting for a duration between 10 and 30 years.

The shorter the "term' of your life insurance policy, the lower your annual cost of coverage.

Since few young peop...
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What is the cheapest life insurance?

The life insurance offering the lowest rates per $1,000 of coverage is term insurance.

Term insurance is temporary coverage for a specific period of time, up to 30 years.

The shorter the duration (term) of coverage, the lower your annual premium (cost).

So, a 5 year term life policy will cost less per year than a 10 or 15 year term insurance policy.

Learn more about finding the cheapest life insurance protection for your family.
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How can I get cheap term life insurance coverage?

To start, term insurance is cheaper than any other type of life insurance.

There are ways to lower the cost of your term life policy, including:

• Get healthy and lower your weight
  
• Quit smoking
  
• Compare pricing among several insurers
  
• Pay premiums annually instead of monthly
  
• Don't buy more life insurance than you need
  
• Purchase coverage sooner rather than later to lock-in the lowest rate
  

Here's some more tips for finding term insurance cheap.


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Life insurance is cheaper to buy when you are at a younger age if your health is good or you have no other risk.

Some things that can increase a younger person's life insurance rates do not show up so much in older persons.

For example, DUI's, suspended drivers licenses, some mental disorders, suicide attempts, and type 1 diabetes, to name a few. 

While under the age of adulthood, some of these conditions can make it impossible for a child or teenager to get life insurance, alt...

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