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, there is no cash value that builds up within the life insurance policy.

If you outlive the "term" of your term policy, the life insurance coverage ends.

Term life insurance may allow an option of renewability, allowing you to renew your term life insurance coverage without having to take any physical examination to qualify for the new term life policy.

Permanent life insurance policies may cost 2 to 3 times more than term life insurance. 

Term life may be a good idea of you need life insurance that will last for a period of 30 years or less.

Here's a list of top term life insurance companies in America.

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