And paying for insurance that is not needed is just money down the drain.
The cheapest and most basic, this is a no-frills life cover that should be one of your first financial instruments. Being a pure insurance policy, it does not return your money if you survive the policy term.
Most term plans provide coverage until 60–65 years of age. Few even offer plans until age 75. As there is no surrender or maturity value in these, you should settle for the one with the lowest premium and the longest term.
Think of insurance as "hardship avoidance," not "convenience" or "hitting the jackpot." Contrary to some common perceptions, insurance is not a rip-off. For most people, it is a necessary and valuable financial service.