Term life insurance can give you peace of mind knowing your family is covered. A life insurance policy ensures that if you die, the people you love will receive a lump-sum payout, known as a death benefit.
With term life insurance:
Group life insurance typically comes in the form of an employer-sponsored life insurance policy. You might already have some coverage provided to you as an employee benefit. However, this type of policy might only provide a fraction of the coverage you need. For this reason, many people buy an individual term life insurance policy to supplement the coverage they receive through work.
Less coverage and shorter term lengths tend to cost less.
Younger people typically have lower rates.
Healthier people typically have lower rates.
Non-smokers typically have lower rates.