Term Life Insurance
Term insurance is basic, inexpensive and easy to understand. It gives you all the coverage you need and none that you don't. That's why it's a great choice for almost anyone.
As the name implies, a term insurance policy is good for a specific period of time; that can be one year, 10 years, 20 years or even up to 30 years. If you pass away during that term, your beneficiaries get the death benefit amount, which is predetermined at the time the policy is issued.. If you pass away after the term expires, there is no death benefit.
Term policies typically have maximum issue ages. If you're past age 80, you'll have a hard time getting term insurance.