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Which of the following is a disadvantage of term life insurance


The biggest disadvantages of term life insurance are that you must pay premiums to keep the policy active and your coverage expires after a set period of time.

Which of the following is a disadvantage of term insurance?

Disadvantages of Term Insurance\n\n The insured may be left without insurance at a time (when they are older) when protection is required the most because term insurance offers coverage for a set period. Term insurance offers no living benefits such as guaranteed cash values.

What are the disadvantages of term life insurance?

Disadvantages of term insurance are that it increases in cost when you renew it and that it has no value when it matures or you discontinue your policy. The problem with the cash value build up of a whole life insurance policy is that the money can only be used to pay off the policy or buy additional insurance.

Which of the following is a disadvantage of term life insurance quizlet?

Term Life insurance Cons: If you outlive the term length, your coverage will end and you won't receive any benefits. You will not be covered your entire lifetime and your policy will not accumulate cash value like an investment account does.

What are the disadvantages of term life insurance?

What happens to my term life insurance policy when I Die?

Why is term life insurance more expensive than whole life insurance?




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