Thus many people select term insurance for its low cost, and they may invest the difference in separate investments.

A common form of this design is term insurance.

There are three key factors to be considered in term insurance:

Unlike term insurance, which provides only a death benefit, those policies also provide an investment component.

He hoped that the term insurance was for a large amount.

Whatever the need, prices of term insurance - which has no investment feature - have never been lower.

The premiums are about half the cost of buying term insurance for both people.

Determining a reasonable cost for term insurance can be tricky.

"You can usually eliminate term insurance as soon as your kids are out of college," he said.

Customers could only get the mortgage if they paid the term insurance simultaneously.