Term life insurance or term assurance is life insurance which provides coverage for a limited period of time, the relevant term. After that period, the insured can either drop the policy or pay annually increasing premiums to continue the coverage. If the insured dies during the term, the death benefit will be paid to the beneficiary.-Wikipedia. That’s how term life insurance works. There are online life insurance shopping system instantly compares life insurance rates from many insurance companies. This makes it easy to find the best term life insurance rate to meet your needs. Of course, cheap term life insurance…