The characteristics of term life insurance coverage include temporary coverage, no cash value, and the life insurance policy expires if you outlive the duration of your term.

Term life insurance is temporary life insurance protection that usually lasts for a period of between 1 to 30 years.

Many term life policies are issued for a term of 10, 15, 20, or 30 years of coverage.

Term life insurance is pure life insurance protection, you pay only for the life insurance coverage, t...