Term Life Insurance is usually purchased for a short term need, and as such the coverage terminates at a certain time. Examples of such short term needs would be: Mortgage Protection, Income Replacement, or a Business Buy-out. Terms are available at 10, 15, 20, or 30 years.

Term Life is just protection and does not build cash values.

Pricing of term life is determined by: the amount of coverage, length of term; as well as the age, health, build, avocations, smoking, & medical history of the insured.