Life Insurance Direct What Are The Pros And Cons Of Term Insurance | Page 15

Con –The ability to tinker with this form of insurance can also be its Achilles’ Heel if left under the
purview of those who might not make wise decisions. One could potentially find the insurance
claim reduced all the way down to its barebones in a short period of time.
Con – The cash access component to universal life coverage can also have some negative
repercussions if it’s not handled well. A universal life insurance policy, if treated too much like a
savings account can have its owner find that it’s not worth very much years later if they’re
constantly borrowing from it.
Con – There is some risk involved. For those who prefer to have something that can’t be altered
and is one hundred percent guaranteed, this is probably not the plan for them.