No, term life insurance is not the most expensive life insurance.

Actually, term life costs a lot less than whole life insurance.

Since term life coverage lasts for a specific number of years, it costs much less than permanent life insurance that lasts for your entire lifetime.

Term life plans usually offer coverage for a period of 10, 15, 20, 245 or 30 years.

However, if you choose to renew your term life insurance when your initial term expires, the premium will be much higher at that time because it will be based on your age at renewal.

So, term life insurance is the lowest priced life insurance for a short term, of 30 years or less, but after the initial term ends, the premiums will increase. That's why it may be a good idea to lick-in your rate with term life insurance for the longest term available to you.

Here's how you can compare term life insurance rates online now from the leading life insurance companies with no delay and no obligation.