What Is A 5 Year Term Life Insurance Policy? 
Great question ! This is a type of policy that fills a short term need - in this case 5 years . Term policies ' coverage stops at the end of that period . It then has to be renewed , and becomes much more expensive , so carefully consider what you want it for . Some good uses for this type of policy ? You need coverage , but at this point ca n't afford a whole life policy . Or you want to cover your child 's ' college expenses for the time they will be in school . If you would like more detail , please feel free to contact me , I 'm happy to help . Thanks for asking ! 