Term Life Insurance is a type of life insurance that provides coverage for a specific period, usually ranging from 10 to 30 years. If the insured person passes away during this term, the policy pays a death benefit to the beneficiaries. This type of insurance is often more affordable than permanent life insurance because it does not build cash value. Many people choose Term Life Insurance to ensure financial protection for their loved ones, especially during critical years like raising children or paying off a mortgage. Once the term ends, the coverage can be renewed, converted to a permanent policy, or allowed to expire.