The cheapest type of life cover has constantly been term life insurance, at least from the time when it arrived on the market in the 1970s. But even while the assurance alone is the cheapest life cover you can buy, there are a number of ways to reduce expenditure and obtain insurance plans that are even less expensive. Here is how to obtain reasonably priced term life insurance. When you buy term life insurance, you're buying the assurance for a specificperiod - the duration of that certificate. These terms range from 5 years to 40 years, and they're frequently predicated on your age when you buy the cover. In other words, you cannot buy a 40 year policy if you happen to be 70 years old. Term insurance is fairly simple to work out, as far as the theory goes. You acquire a plan for a particular face value (death benefit) amount, and your survivors will be compensated that amount if you die while the policy is still in force. A basic policy is pretty low-priced, however at ...