Why Have Term Life Insurance? 
First you have to understand what Term Life Insurance is . Term Life Insurance is Life Insurance covering you for a specific period of time . The common `` terms '' are 10-15-20-25-30 years . Term Insurance is also the least expensive of all Life Insurance , at least initially . Understanding this , people get Term Life Insurance for several reasons including ; mortgage coverage , other loans , family protection while the kids are home , providing replacement of income if death occurs during working years . The idea is providing protection for a period of time which will replace income or debt if death occurs prematurely . Example , for your mortgage , if you have a 30 year mortgage , with a 30 year term , death occurs before the mortgage is paid off , then the death benefit can be used to pay the outstanding balance . If kids are at home , growing up , you want to make sure they can have all the opportunities available to them even if the `` bread winner '' passes prematurely . All Life Insurance provides financial security when death occurs . If you have any other questions or need a quote , do not hesitate to contact me . Thank you . 