Why Is Term Life Insurance The Best? 
Term Life Insurance can be the best choice in many situations because it is low cost for the amount of coverage you get . If your need for a large amount of protection is for a limited time , Term insurance is temporary , so fills that need well . Term Life Insurance is not always best , though . Sometimes the cost of Permanent rivals that of Term , especially at older ages or when health conditions are present . If you can lock in a Permanent rate a the same or lower price than Term , that is a far better deal for you . Sometimes Permanent Life Insurance is needed for the purpose for which you are purchasing the policy . E.g. . If you are age 60 and buy a 20 year Term policy for your funeral expenses , you could be in trouble if you live past age 80 . 