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Term Life Insurance provides protection for a particular term or length of time.  Typical term periods are 5, 10, 15, 20, 25, & 30 year periods.  The term policy will pay the death benefit if you die within the term period.  Term Life Insurance is the lowest premium life insurance available which allows you to purchase the most coverage at a very affordable price.  Term Life Insurance does not build cash value as is the case with permanent insurance (Whole life or Universal Life).