What Does Term Life Insurance Cover? 
Term life insurance generally covers a temporary economic liability for the beneficiaries of the insured . It is highly recommended that you purchase a term life insurance policy that includes the right to convert the policy to a permanent life insurance policy in case the temporary liability becomes permanent . The duration of your economic liability should dictate the length of guaranteed coverage youre applying for . The death proceeds , in theory , should fund the liabilities for the surviving beneficiaries , so theyre not burdened bills at your demise . 