subject: Cheapest Term Life Insurance [print this page] Disadvantages
If you are to survive beyond the term period then the policy has no maturity value. All premiums paid are lost. A pure protection insurance with no element of investment.
On death of the life assured the policy will only payout a one off payment of the sum assured, and does not provide a regular monthly payment equivalent to the life assured's income, as family income protection would.
Cheapest Term Life Insurance
By: Steve Wentworth
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