LifeScapeŽ Term Life Insurance is an affordable policy that is issued for a 10, 15, or 20 year period or term. It is a lot like leasing a car instead of buying one. Like a leased car, the payments (or premiums) are affordable, and you get the full benefits of driving it (or having the policy in force) for the duration of your contract. At the end of the term period, you have the option to renew the lease (or term insurance) or convert it to another type of life insurance (buy a new car that can be yours for a lifetime!)