TERM LIFE INSURANCE
Peace of mind at
|PROS OF TERM LIFE INSURANCE||CONS OF TERM LIFE INSURANCE|
|1. Least expensive insurance option||1. Coverage is only temporary|
|2. Lower initial premiums at a young age||2. Becomes very expensive at a later age|
|3. Higher death benefit available at low cost||3. No cash value accumulation|
|4. Renewable and convertible plans||4. Premiums will go up at each renewal|
|5. Very simple and straightforward||5. Limited coverage as its expensive and not everyone can afford it|
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