Disadvantages Of:
Term Life
Whole Life
Universal Life
Guaranteed Issue
Burial Insurance
Second To Die Life
Credit Life?
Children's Life
Accidental Death
Critical Illness


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"The difficulty ... is to make ...problems into advantages"

~Sun Tzu, The Art of War


Disadvantages of Term Life Insurance:
  • It doesn't give you permanent life insurance coverage
  • If you refinance your home, your term insurance may expire while you still have an outstanding mortgage balance and/or extend your house payments
  • You don’t accumulate cash value
  • Coverage only lasts for the term length you purchase
  • You won’t have as many riders or features as whole life insurance
  • Not appropriate for paying estate taxes
  • Your premiums usually cannot be lowered
  • It can't be used as a savings plan, investment or retirement
  • You cannot skip payments
  • If you become uninsurable during the term, it can be more expensive to renew
  • Renewable rates are usually outrageous
  • If you go over 60 days without making your monthly payment you will be canceled
  • It doesn't build cash value
  • The advertised teaser rates are the hardest to qualify for
  • You have to convert your employer term coverage to whole when you leave the company
  • Term life benefits over $50,000 may get taxed


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"Sooner or later, the worst set of circumstances is bound to occur"

~SODD'S SECOND LAW

problems, drawbacks, tricks, fine print, Disability, health insurance, health care, PPO, HMO, drug card, Term insurance, termlife, term life, whole or term, whole life insurance


Craig Casey
Independent Insurance Agent
California License #0B81661
PO Box 444
Jacumba, California 91934
1-619-766-3213

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