Term Life Insurance
Term insurance as the name suggests is meant for a certain period of time. It can be considered as the original mode of life insurance plan. As it has no cash value it can be considered a true insurance. This insurance is meant for a small period of time. If the person dies in between the prescribed term the beneficiary will be getting the money.
This policy is purely death beneficial however there are certain companies that do cover mortgage, and funeral cost as well. There are certain policies which covers the life of people who are at risk in their job like soldiers, anglers etc. There are other options for term policy with fewer premiums along with benefits that others in the family can have as well. All the various credentials are to be inquired before signing the papers of a policy. Even after the specified term you can continue the premium with an annual coverage by extending your policy.