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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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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