This insurance is a good choice for young people who can't afford the higher costs of permanent insurance, or for people with financial obligations that will disappear in time, such as a car loan or a mortgage.

This insurance has a cash value.

You buy this policy with a specified term period, usually one, five, or ten years.

Unless you make a change to your policy, you have lifelong coverage with no future medical exams.

Premiums are generally much cheaper than cash-value policies.

This is a good choice for young people, who are unable to afford the higher cost of permanent insurance right now.

Your premium will remain constant during the time you are covered unless you choose otherwise.

The risk with this life insurance is that your health might deteriorate and you could be unable to get another policy once the policy expires.

With this life insurance policy the costs are spread out over your entire life.

If you are interested in using the policy as a form of savings, consider this type of life insurance policy.