Term life insurance: Protection that 昀椀ts in your budget Term life insurance is generally a budget-friendly option that’s designed to provide death bene昀椀t protection for a set period of time. Term insurance is a good option if you: Have a limited Have a family with Want to supplement Have short-term budget young children an existing life 昀椀nancial needs insurance policy Life insurance might be more a昀昀ordable than you think One of the most common myths about life insurance is around the cost. 15% of consumers say they haven’t bought life % insurance because it’s too expensive, 15 and more than 65% overestimate its true cost. % For instance, a 30-year-old could buy 65 a 35-year term policy for less than $25 a month. That’s about 6 cups of 1 gourmet co昀昀ee. Protective Classic Choice term policy, 35-year guarantee, Preferred Non-Tobacco, $250,000 death bene昀椀t. Premiums increase annually after the initial guaranteed premium period. ¹ LIMRA and LIFE Foundation 2019 Insurance Barometer Study. 1