If you're shopping for life Insurance and have compared pricing you may have discovered that some plans are much more affordable than you expected. That's because there are different types of life insurance, and term life, which is temporary, costs a lot less than permanent life insurance, which provides lifetime coverage. With term life you can choose life insurance protection to last for a period of 10, 15, 20 or 30 years, depending on your specific needs. The shorter the duration of your term life policy, the lower your annual cost for coverage. And, since term life is temporary, many people may outlive the duration of their life insurance protection. If you are alive when your term insurance expires, there is no payout of any death benefit, because you have not died while your life insurance was In Force. These are some of the reasons term life insurance is so cheap. Here's how you can compare instant life insurance price quotes today.