What is term insurance? How is it different from life insurance? These two questions have many a people bewildered. Consumers often find themselves confused when buying these insurance products.
Term insurance or Term Life Insurance can be defined as a life insurance policy that provides insurance coverage for a fixed period of time. Term insurance pays a fixed predetermined amount to the beneficiary if the insured person dies unexpectedly during the period when the policy is in effect.

The main aim of any life insurance product ought to be to provide a guarantee that in case of untimely death of the insurer, his family should get a sufficient amount and also the premium amount should be less; this is only possible through the term plan.

As compared to other types of insurance, the main benefit of term insurance is that it pays a much bigger insurance cover for a small premium amount. Term insurance does not build any type of investment.

Term life is available for ten year term, twenty year term, etc. It is highly recommended that if you are looking for good insurance for yourself and your family, you should go for term insurance.

Here are some factors to look at before deciding which term life you should go for:
- Compare quotes, policy features and benefits of different insuring companies. Online is the best way to do it as there are many sites, which allow you to compare policies of different companies.
- Always tell the truth, do not hide any conditions and don't fill wrong information in your application. The policy would be worthless if it is discovered and the insurer will not make the payment.
- Always remember that the cheapest quote is not always the best; make a point that you have the cover you need as a person.
- Purchase only that what you need. Do not be lured by additional features that are purposeless and unnecessary as these will only increase your monthly premium.
- Go for the term as early as possible as the younger you are the cheaper the quote will be.
- Maintain a healthy lifestyle; it will entitle you to cheap rates. Stay away from junk foods, lose your weight, and stay away from alcohol. Start exercising.

Term Insurance is pure insurance without any investment part. You save lots of money as compared to other life policies. You can take these savings and invest it in stocks, mutual funds, bonds, etc.