Why Should I Get Term Life Insurance? 
Most people choose term life because they get a higher coverage amount for each premium dollar spent . The other time when term is used most efficiently would be to ensure financial stability . For example , let 's say you have 10 years left before you and your spouse retire . In that time , you plan to be heavily funding your savings and retirement plans to meet your needs in your later years . If you pass away before that happens , your spouse might be left with minimal funds to live on . A 10 year term policy would ensure that the funding is completed whether you live or not . Another example is when your kids are approaching college age and you do not have a large amount of savings set aside already . Many people plan to ` pay as they go ' with the college expenses , but what would happen if you passed away before that ? Term insurance could make sure the financial obligations for their education could be met . 