Term life insurance has several benefits that make it a popular choice for individuals and families. One of the main benefits is that it is relatively affordable compared to other types of life insurance. This makes it accessible for a wide range of individuals, regardless of their income level. Additionally, term life insurance is straightforward and easy to understand, making it a simple and effective way to protect loved ones from financial hardship in the event of the insured person's death. It also offers flexibility, it can be purchased for a specific period of time, such as 10, 20, or 30 years, depending on the individual's needs and goals. This can be an appropriate option for people who have a finite period of financial obligations (like paying off a mortgage, children education or providing for a dependent). Another benefit is that term life insurance can be converted to permanent life insurance later on if the need arises, which offers more flexibility as life stages and circumstances change.