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Term Insurance

Term insurance is a type of life insurance that provides coverage for a specific period of time, or term, typically 10, 20, or 30 years. Term insurance policies do not have a savings component, and the premiums are generally lower than those for whole life or universal life insurance. Continue Reading Below

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Encyclopedia Articles

Discover the definition of financial terms related to term insurance.

What is Key Person Insurance? How Business Life Coverage Works Thumbnail

What is Key Person Insurance? How Business Life Coverage Works

Andrew Latham

Short-Term Health Insurance: How It Works, What It Excludes, and When It Makes Sense Thumbnail

Short-Term Health Insurance: How It Works, What It Excludes, and When It Makes Sense

Andrew Latham

IUL Life Insurance: How Indexed Universal Life Works, What It Costs, and Who It Fits Thumbnail

IUL Life Insurance: How Indexed Universal Life Works, What It Costs, and Who It Fits

Andrew Latham

What is Term Life Insurance? And Why Is Everyone Suddenly Interested Thumbnail

What is Term Life Insurance? And Why Is Everyone Suddenly Interested

Andrew Latham

What Is Life Insurance? Types, Coverage, and How It Works Thumbnail

What Is Life Insurance? Types, Coverage, and How It Works

Andrew Latham

Nonforfeiture Clause: Meaning, Types and How It Works Thumbnail

Nonforfeiture Clause: Meaning, Types and How It Works

SuperMoney Team

Month-to-Month Tenancy: Meaning, Advantages and Disadvantages Thumbnail

Month-to-Month Tenancy: Meaning, Advantages and Disadvantages

SuperMoney Team

Decreasing Term Insurance Explained: How It Works, Types, and Examples Thumbnail

Decreasing Term Insurance Explained: How It Works, Types, and Examples

SuperMoney Team

Conversion Privilege: Definition, Benefits, and Real-Life Scenarios Thumbnail

Conversion Privilege: Definition, Benefits, and Real-Life Scenarios

Silas Bamigbola

Yearly Renewable Term (YRT) Insurance: Definition, Examples, and Suitability Thumbnail

Yearly Renewable Term (YRT) Insurance: Definition, Examples, and Suitability

Silas Bamigbola

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Learn About Term Insurance

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Average Cost of Life Insurance in 2026: Rates by Age, Term and Coverage

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Burial Insurance: What Is It and How Does It Work?

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What Is The Average Cost Of Life Insurance By State?

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Thumbnail for Blog Article: Million Dollar Life Insurance Policy: How Much Does It Cost?

Million Dollar Life Insurance Policy: How Much Does It Cost?

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Thumbnail for Blog Article: No Exam, No Problem: How To Get Life Insurance Without a Medical Exam

No Exam, No Problem: How To Get Life Insurance Without a Medical Exam

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About Term Insurance

Term insurance is a type of life insurance that provides coverage for a specific period of time, or term, typically 10, 20, or 30 years. Term insurance policies do not have a savings component, and the premiums are generally lower than those for whole life or universal life insurance.