What Is Term Life Insurance? 

Term life insurance is a type of life insurance that guarantees payment of a stated death benefit if the covered person dies during a specified term. (In other words, it can be a 10 year term, and covered person must die in those 10 years for death benefit) When the term expires, the policyholder can either renew it for another term, convert the policy to permanent policy, or allow the term life insurance policy to end. 

Term Life Insurance does not offer a cash value benefit.