Why Would A Person Buy Term Life Insurance? 
Some reasons a person would buy Term Life insurance are : 1 -RRB- they feel that their need for life insurance is going to go down or disappear after the length of the term , 2 -RRB- they do n't feel that they can afford permanent life insurance , 3 -RRB- they are required by a loan or other contract to purchase a term policy , or 4 -RRB- they are just providing for a contingency while saving up enough money to provide for their needs in other ways in the future . A reputable life insurance agency can guide them through this decision making process so that the type of insurance they purchase realistically meets their needs . 