Term life insurance is probably best for anyone who does not need permanent or whole life insurance. This is because most people's need for a large life insurance policy decreases as their children become of age and they no longer have anyone who counts on them.

Since this is the case, and your monthly premiums will inevitably grow as your risk for death increases, you will want a policy that is affordable while you need it and that is easy to terminate once you do not.

Term life insurance can usually be taken out for up to 30 years. If you know that eventually you will no longer want the coverage, then this would be the best type of insurance policy for you.

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