What's the key difference between term life insurance and straight-life insurance? Term life insurance is cheaper than straight-life insurance, but it cannot be
renewed.
The value of a term life insurance policy may go up or down, but the value of a
straight-life insurance policy is always constant.
Term life insurance is generally more expensive than straight-life insurance, but
it generally offers much more.
Term life insurance has no cash value at the end of the term it's bought for.