Unlike whole life policies, term life insurance is as straightforward as it gets. There is no complicated savings or investment component.

Here's how it works: You choose a term of coverage (typically anywhere from one to 30 years) and the amount of coverage you want. If you die within that term, a death benefit is paid to the beneficiary (or beneficiaries) you have chosen.

It's Flexible

Some term life policies offer the option of switching to a permanent life insurance policy down the line. You can renew a term insurance policy and revise your coverage according to your life situation. You can also choose between a wide range of coverage amounts and term lengths, keeping you in control.

It's Incredibly Affordable

A term life insurance policy is far more affordable than a traditional whole life policy. A whole life policy can cost thousands of dollars per year in premiums, but with a term life insurance policy you can expect to pay in the hundreds.

Instant Coverage

With instant issue term life insurance, one popular form of term life insurance, you may be able to get coverage in as little as 15 minutes! No medical exam, no overambitious salesman, no hassle. Just click, compare quotes, apply, and get either approved or denied in seconds. Some instant issue insurers will even let you pay the premium with a credit card and print the policy right then and there.

Term Life Insurance: Got It? Get It!

Whether you’re shopping for term life insurance for the first time or already have coverage and need a better rate, the best way to get a low rate is by comparing quotes.

Rates will vary from company to company for term life insurance, so you need to shop around in order to get the best deal. However, this doesn’t mean you have to go insurer to insurer. The best way to shop for term life insurance is by going to a large, unbiased site that will present your information to a number of different companies at once. At InsWeb.com, a leading online insurance comparison marketplace, you can compare term life insurance quotes for free, saving you a ton of time and money.