Life Insurance Direct What Are The Pros And Cons Of Term Insurance | Page 5

Pro – Term insurance isn’t front-loaded like many permanent plans. This means that the premium
will always be the same for the term and won’t tax a person’s budget during those first few years
with massive payments!
Pro – There’s no long-term commitment with term insurance as it will expire at some point in the
future at which time one can choose to renew it or simply end the term without any penalties.
Pro – The other advantage of term insurance policies is their flexibility. A person has many
different options to choose from with term insurance with the option of taking twenty, ten, five,
and even just one-year contracts.