Of the different types of life insurance that you can choose from, term life insurance is likely the easiest to define and explain. Term life insurance is more of a temporary form of life insurance designed for people who have long-term financial goals with some short-term responsibilities. Its affordability also appeals to many people on a tight budget because you can typically get a large amount of insurance for a cheaper price than other types of insurance.How a Term Life Insurance Policy WorksA term life insurance policy is only good for a...