Answer:
Elements of term life insurance are: low cost, guaranteed rates, conversion to whole life if wanted later on. Term life insurance pays upon death for any cause at any time in any place, except for suicide within first 2 policy years, 1 year in some states. Term life insurance is easy to understand and offers rate guarantees of 10, 15, 20, 25 30 years or even level to age 95 if you want that.