The rules are stricter for initial premium payments than for a monthly premium payment continuing your existing coverage. (verywell.com)
With that in mind, term life insurance policies can often provide the greatest amount of death benefit protection for the lowest amount of initial premium cost. (termlife360.com)
In fact, annual renewable term insurance policies offer the lowest initial premiums of any insurance policy, making it the most affordable policy type to buy. (termlife-insurance.com)