Term life insurance is the simplest and least expensive type of insurance, as it pays benefits only upon the policy holder's death. Experts recommend those people who choose term insurance make sure that their policies are convertible, so that they can switch to a cash-value plan later if needed. They also should purchase a guaranteed renewable policy, so that their coverage cannot be terminated if they have any kind of health problems. Term insurance typically suitable for younger people with children and limited funds who are not covered through an employer. This type of policy enables such a person's heirs to cover mortgage and college costs, estate taxes, and funeral expenses on his or her death. It is a pur