Not everyone should buy a shorter term Life Insurance policy.  However, there are some very good reasons for certain individuals under a specific set of circumstances.

Shorter term life insurance cover is less expensive.  The longer the term, the more expensive the premiums.  When the coverage period is shorter, there is less risk for the insurance company to.   Therefore, they are willing to provide coverage for a lower amount.  The policy premium will still take into consideration the lifestyle, age and health of the insured.Price should not be the only determining factor however, because once the policy term is over, premium rates will go up and it purchasing a 30 year term policy is quite a bit less costly than purchasing 3 successive 10 year policies

A short term life insurance is beneficial when policy holders know precisely when a specific financial burden will be significantly reduced.It is possible to purchase a short term life insurance policy to finish at the same time. For example, if your youngest child is a senior in high school and you are on your way to become an empty nester, you can assume that the costs associated with education, and other related expenses associated will be gone in 5 years, it is feasible to purchase a policy to cover just that period.If you are in your 60's and considering retirement or possibly cashing in some investments, you might want to consider a shorter term life insurance policy.  If you are almost finished paying your home mortgage it makes sense to consider purchasing a five, ten or even fifteen year term life cover policy to coincide with the actual mortgage pay off date.

It's all about timing.  Each term life insurance product is designed to meet specific situations and circumstances. Not every Life insurance company offers shorter term life policies.  Therefore, consumers who decide that the shorter term option is for them, they may need to shop around to find the ideal policy to fulfill their needs.