Who can benefit from a 10-year term?
A 10-year term life policy can be a great option because it’s a seriously affordable way to protect your family for 10 years. When it comes to choosing your term length, a 10-year term might be perfect for you if:

You have pre-teen children
If you have children who are around middle school age, a 10-year term life insurance policy can provide coverage through their college years and last until they are no longer dependents.
You’re close to retirement
If you’re planning on retiring within the decade, a 10-year term policy can give you extra peace of mind while you’re still working. Your coverage could be used by your loved ones to replace your income should the unexpected happen.
You’re close to financial independence
If you’re close to paying off your home mortgage or other debt, a 10-year term may be just the coverage you need when you’re in the final stretch of becoming financially independent.