Why Would Anyone Buy Term Life Insurance? 
People would buy term life insurance to cover a temporary need . E.g. Most people need more coverage while raising children . Term insurance costs less than permanent , and there will not be a need for that much coverage after the children are grown . So for that purpose , 20 to 30 year Term works well . Some loan companies require term insurance to protect them if the borrower should pass away . Term insurance is well suited to temporary needs . 