Are there any life insurance plans I can purchase that will last for a specific duration?
Yes, it's called temporary life insurance, also known as term life insurance, which provides protection lasting for a specific number of years.
Most term life plans offer coverage you can choose to last for a term (duration) of 10, 15, 20 or 30 years.
The longer your policy "term", the higher your annual premiums for life insurance.
However, the length of your policy term may be shorter for seniors. For example, a person age sixty-five may be limited to a term of 15 years, or less.
Here's how to get a life insurance policy for a specific period of time.
