Here's exactly why experts recommend one type of life insurance over the other

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Here's exactly why experts recommend one type of life insurance over the other
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Experts agree the best choice for simple and cheap life insurance coverage is term life insurance.

Term life insurance, unlike permanent life insurance, provides coverage for a fixed amount of time, usually 10, 20, or 30 years.

Buying a term life insurance policy when you're young can help lock in an inexpensive rate for the duration of your coverage. It will only increase incrementally each year you age.

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Life insurance usually isn't top of mind for young people, but buying a house, starting a family, and earning a high salary are all reasons to consider buying life insurance in your 20s or 30s.
The good news is, it's probably not as expensive as you think. The average person can expect to pay between $300 to $400 a year — or just $25 to $33 a month — for life insurance, according to insurance-comparison site Policygenius, but it really depends on the amount of coverage you want, how much risk you pose (e.g. the status of your health), and what type of policy you get.
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