A longer term could mean a higher monthly premium, given that the carrier typically pays on average the cost of a younger person`s insurance with the cost of an older person`s insurance (if the premiums are more expensive). Because risky life insurance has a fixed „Set it and forget it“ payment, it may be easier for families to budget. A fixed benefit that pays the nominal amount is also attractive as a simple and „pure“ insurance. Many consumers are unsure of the different types of life insurance, the most appropriate nature for them, and the amount of coverage they need.