4 Risks of Purchasing Life Insurance

 

4 Risks of Purchasing Life Insurance

When you purchase a life insurance policy, you are making a bet that you will live longer than the policy term. In case you pass away during the policy term, the death benefit will go to your beneficiaries. If you live beyond the policy term, the death benefit is paid to you, and you keep the coverage as long as you continue to pay premiums.

While this may seem like a safe bet – after all, most people do live longer than their life insurance policy terms – there are some risks to consider before buying a policy. Bill Schantz will now take you through some of them. Read more.

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