Getting a 15 year term life insurance policy may help protect your beneficiaries when you are gone, whether your children are young or old, or even if you don’t have children. Such a term life insurance policy may help fit your needs.

Buying a 15 year term life insurance policy may help ensure that financial expenditures for your beneficiaries can be assisted with if you are no longer there. Things like mortgage payments, credit card bills, health care bills, and funeral expenses are among the bills that may be helped taken care of with a 15 year term life insurance policy. Whether you are young or old, term life insurance may be able to help.

There are two types of life insurance – term life and whole life. A term life insurance policy helps cover you for a specific time period or term. This is different than whole life insurance, which helps cover you for your whole life. Because a term life insurance policy covers for a specific time period, it may generally be less expensive than the whole life policy.

In addition to a 15 year term life insurance policy, there may be other terms available, including a 1 year policy, 5 year policy, 10 year policy, 20 year policy, 25 year policy, and in some cases, even a 30 year term life insurance policy.