Term life insurance is one of the most affordable types of life insurance and is designed to provide coverage for a specific period of time, known as the term. It generally pays a death benefit only if the insured passes away during the term. This type of coverage is commonly used to meet temporary financial needs that may decrease or disappear over time, such as income replacement during working years, paying off a mortgage, or covering expenses until children complete their education. Because term life insurance does not build cash value, it is typically more cost-effective when initially purchased.

Final expense life insurance is designed to help cover the costs that often remain after someone passes away. These expenses may include funeral and burial costs, medical bills, credit card balances, loans, and other outstanding obligations. Without coverage, these costs can place a financial burden on surviving family members. Final expense insurance helps ensure that funds are available to handle these expenses, offering peace of mind and financial protection for loved ones during a difficult time.