Life insurance falls into two levels, term or whole life. Term life
provides coverage for a specific period of time, such as one year, 10
years, or up to 30 years. If you are under the age of 80, you are eligible
for term life. If you die during the term, your elected beneficiaries
will get a payout. If you die after the term expires, there is no payout
available. Term is often the least expensive way to purchase a substantial
amount of coverage for beneficiaries. The greatest difference between
term and whole life is that whole life covers an individual f