What Is The Difference Between Term And Non Term Life Insurance? 
Non-term insurance is permanent insurance . Permanent insurance accumulates more money than is necessary in the early years of the policy to provide a level death benefit at a level premium . A term policy computes the actual mortality losses each year . If you want a ten year term policy they basically add the costs together , divide it by ten and that is the premium . That principle holds true until the term policy does not renew any longer . If you die during the term of a term policy that is a good deal , if you dont , it was just an expense and you dont have coverage any longer . 