Disadvantages of Term Life Insurance

What are the disadvantages of a term life insurance policy?

Temporary or term life insurance offers the largest amount of life insurance at the lowest price.

However, there are a few drawbacks which include no cash value, no loans, and you may outlive the duration of your policy term.

If you do need life insurance after your term policy ends, you may find it will cost you a lot more, and if your health has changed, it may be difficult to qualify for another policy.

Learn more about the disadvantages of term life insurance.