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 insurance for the lowest cost.

Term life offers flexibility - you can choose coverage for a period of 10, 15, 30 or 30 years to meet your family's specific life insurance needs. Here's how to learn more about adult term life insurance protection.