Simple Term life insurance, much like car insurance, is the essence of simplicity - as long as you pay the premium, you are covered for the term or length of the policy.

Prices have been steadily decreasing on term life policies and it can easily be compared on the basis of price alone. Often, the largest and most prestigious life insurance companies with the household names you know, offer some of the most competitive term life rates.

Most term policies are very flexible, allowing for both renewable (you can renew for another term policy without a medical exam and convertible terms (convert your term policy into a universal policy).