What are the limitations to term life insurance policies?
There are a few important limitations to term life, including:
- Duration of Coverage is usually limited to 30 years or less.
- You may outlive your term life insurance protection.
- Rates on term life increase if you choose to renew your term life insurance policy when it expires.
- Term life is pure protection, providing a death benefit, but no investment feature.
Learn more about term life insurance limitations of coverage.
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