How does term life insurance work? Term life works as a time-limited safety net. If you were to die within the term the policy is active, the insurance company would pay out a death benefit to your ...

Term life insurance is generally the most cost-effective option for covering temporary financial obligations with life insurance, like a mortgage or your child’s college education. The average monthly ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Katrina Ávila Munichiello is an experienced editor, writer, fact-checker, and proofreader ...

Most term life insurance policies let you convert to permanent coverage, but the rules vary by company ...

Two common types of life insurance, term life insurance and whole life insurance, can be useful coverage for many people. However, term and whole life insurance function very differently. Term life ...