A form of life insurance that covers the insured person for a certain period of time, the "term" that is specified in the policy. It pays a benefit to a designated beneficiary only when the insured dies within that specified period which can be one, five, 10 or even 20 years. Term life policies are renewable but premiums increase with age.

"Term Life Insurance" In Context

"Choose very adapted coverage if subscribing to any term life insurance. You can often locate various coverage lengths that span from five years and up to thirty. When choosing a policy length, consider mortgage debt and how old your dependents are."