The least expensive Type of life insurance

The answer is term insurance.

Explanation:

Term insurance refers to a life insurance policy that covers for a specific period or the years that were established. Thus, a death benefit will be given to the insured if he or she dies during the time that was established in the policy. The policy has to be active to receive this benefit.

You must pay for most of the different permanent insurance. However, term insurance has no value in terms of cash. It means that the only value is the fact that you would receive a death benefit because of the policy.