Term life insurance offers affordable, easy-to-understand coverage. It provides protection for a fixed payment amount, for a given number of years. This could be 10, 15, or 20 or more years. You can choose the amount of time you need.
If you die while the policy is in effect, a tax-free payment will go to the person or people you name (your "beneficiaries").
Your beneficiaries can then use that payment for any reason. For example, they can use it to pay:
the mortgage or rent,
living expenses and more.