Affordable Life Insurance Protection for Your Family

Reasons Not to Buy Term Life Insurance

 If you’re shopping for a life insurance plan and considering term insurance you may want to take into consideration the reasons someone would choose not to purchase term life coverage. 

Although low cost, flexible life insurance sounds like a good idea, it may not be right for everyone.

Each of us has our own specific needs when it comes to life insurance and goals we want our life insurance policy to accomplish.

That’s why choosing the right plan is so very important, and there are several situations or circumstances which may not be right for a term insurance policy.


The Most Common Reasons for Not Purchasing

a Term Life Insurance Policy


  • Need lifetime life insurance protection.
  • Guaranteed level premiums for the life of your policy.
  • Create cash value that grows over time inside your policy.
  • Guaranteed funds to pay for your final expenses.
  • Provide money to pay for estate taxes.
  • Budget is not a consideration.
  • Leave a legacy to your heirs.
  • Need life insurance protection and an investment.
  • Grow cash value tax-deferred.
  • Loans available from the cash value inside your policy.


If you need whole life insurance instead of term life, you can get a free quote for whole life insurance with guaranteed approval.

Reasons to Buy Term Life Insurance


Although the reasons noted indicate a situation better suited for a permanent life insurance policy, there are several advantages of term life protection for your family, including:

CostTerm life offers by far the lowest prices on life insurance which means you can afford the maximum amount of coverage based on your budget. Don’t you want to provide your loved ones with the largest amount of protection your budget can afford?

Flexibility – Term life offers you options of coverage lasting for a period of 10, 15, 20 or 30 years. Why pay more for life insurance when you only need it for a short period of time?

Easy-to-Understand – With term life you have protection for the duration (term) of your policy, up to 30 years. If you outlive the term, your coverage ends with no pay out. If you pass away during the term, your death benefit is paid out to the beneficiary or beneficiaries you select.


With level term insurance, you pay the same amount of money (premium) for your life insurance coverage each year for the period of time you have coverage (term). In addition, the amount of life insurance provided by your term policy remains the same for the entire duration of your policy.


Life Insurance Quotes


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Reasons Not to Buy Term Life Insurance

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