Why only term?

Term life insurance is the simplest and most affordable type of life insurance protection. It’s meant to protect your dependents should you pass away unexpectedly within the term period. Because it does not build a cash value or fund investments, it is often the least expensive type of life insurance. Term life insurance is also the product of choice by many financial experts, including Dave Ramsey, Suze Orman, and Clark Howard. (Read more on why right here.)