What Term Should I Choose For Life Insurance? 
The concept of term life insurance is to insure a specific event for a specific time period . For example , if you have a $ 200,000 mortgage for 30 years , then you would purchase a 30 year term for $ 200,000 to insure your loved ones could pay off the mortgage should you die too early . Another example may be your children 's education . Let 's say your children are 12 and 14 years old and their education would cost an estimated $ 150,000 . Then you would purchase a $ 150,000 10 year term to be sure they were taken care of if you were to die in the next 10 years unexpectedly . Always purchase term insurance to cover a specific need for a specific period of time . Term life insurance is also a greta affordable option to supplement smaller face amounts of whole life and universal life policies which are a more permanent solution for protection . 