It depends on your individual needs and circumstances. Term life insurance provides temporary life insurance protection and is generally less expensive than permanent life insurance coverage. This is because it provides coverage for a limited period of time, such as 10, 20, or 30 years. The death benefit is only paid to the beneficiary if the insured passes away while the term contract is active. Term insurance is a good option if you’re concerned about cost and your life insurance needs are temporary. Permanent life insurance, on the other hand, provides coverage for life and can include additional features such as cash value accumulations and the ability to borrow against the policy. However, it is generally much more expensive than term life insurance so if you’re concerned about cost, permanent life insurance may not be the best option. Ultimately, the best policy for you will depend on your individual needs, budget, and circumstances.