Term Life Insurance
What is a term life Insurance 30 years?
If a person wants to buy term life Insurance, 30-year, $ 150,000. What if the insured is still alive after 30 years, when the term ends? Is he / she loses money? If he / she wants to keep counting with a life Insurance policy after the due date, you should buy a term life Insurance again, but for a shorter period?
Look, the Insurance is not an investment, not a savings account. This is a planning tool DEATH. When you Buy Insurance, if you think you're going to need more 30, buy permanent Insurance. Term Insurance is a temporary need, until their children grow. Define the objective, then choose your product. So yes, just like when you buy a lottery ticket and the number is not listed, you lose your money when you purchase a term life Insurance and your item does not appear, you lose your money. If you want to perform, as the lottery, you must purchase another ticket, or other policy.
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