Term life insurance is not the most interesting topic. But Clark has to keep mentioning it because it just keeps getting cheaper! Level term is what it’s usually called, and it means you buy insurance for a set number of years depending on your age. For example, if you have young kids and you want to provide financial security for them until they are adults, you would want a 20-year term policy. If you’re 35 and you want to provide for your remainder of your spouse's life, you might get 30-year term. The prices keep getting cheaper because life spans are getting longer. As a result, you’re in a position to buy insurance at a much lower rate. The Wall Street Journal ran some numbers to show us how things have changed since the ‘90s. They looked at a 40-year-old man with a 20-year term. In the ‘90s, it cost $1400. Today, that same policy is $400. So, if you bought a term insurance policy in the past 10 years, you may be able to get a cheaper one today. Just make sure that when you’re buying this insurance, you get enough to take care of all your loved ones. Usually, a good bet is 10 times your current income. If you make $100,000 a year, for example, you need a $1 million policy. You can shop online now and get comparable quotes from several companies. Just be sure you go with a company that gets either an A+ or an A++ rating from AM Best.