Term life insurance offers several key advantages, including affordability, flexibility, and simplicity. It provides a death benefit to the policyholder's beneficiaries if the policyholder passes away during the specified term. Additionally, term life insurance can be a valuable tool for income replacement, debt coverage, and providing for dependents. Unlike permanent life insurance, term life insurance typically does not accumulate cash value, which contributes to its affordability. It's important to carefully consider your individual needs and financial situation when evaluating the advantages of term life insurance.