Term life insurance is a temporary life insurance which you can take out for a temporary period of say 5, 10, 15, 20 or 25 years. It is popular because the premiums are low and life insurance coverage is high. But it carries no cash value or surrender value. You must renew the insurance annually, otherwise it will lapse. If you have level term insurance, the premiums remain the same during the entire term period. There are various options for term life policies such as level term, Return on Premiums (ROP) etc. Term life insurance rates can vary from company to company. You can save quite a bit just by shopping around.

False.

There are many term life insurance quotes provider companies online which offer you multiple quotes for term life insurance from top-rated insurers. Among some of the largest are the following: Efinancial AccuQuote Insure InsWeb When comparing term life insurance quotes determine how much life insurance you need, for how many years, and what you can afford. Make sure to consider the financial rating of the insurers, which will be provided with your quotes.

There are many online insurance quotes providers. Many of these attract customers by offering the cheapest quotes on life insurance. You may wind up wasting your time with such insurance quotes providers as they may not find you the best policies at the most affordable rates. Look for sites that are accredited by the BBB.

No, term life insurance has a term, hence the name.

" Liquid of life " is a term made for water.