Term Life Insurance Disadvantages

What are the disadvantages of a term life insurance policy?

When it comes to finding the most affordable, easy to understand life insurance plan, term insurance may be the one to consider.

However, term life insurance does have a couple of drawbacks.

Term life is temporary which means you may outlive the life of your life insurance protection.

In addiiton, term life is pure protection, it does not build any cash value so you cannot take a loan from your term life policy.

Learn more about term life insurance disadvantages before choosing your life insurance plan.