What is the meaning of term life insurance?

Term life insurance is a type of life insurance policy that provides temporary protection for a specified period of time, usually up to 30 years.

The "Term" of a term life policy is the duration of coverage provided by the life insurance.

You may be able to choose a "Term" of 10, 15, 20, 25 or 30 years of protection.

If the insured person dies during the policy term, the death benefit is paid out to the beneficiary of the term life policy.

If the insured...