The cost of your term life insurance policy is low, because all you pay is the cost of your life insurance, and some fees and profits for the life insurance company.
There is no cash value that builds up inside a term policy, so there is nothing that you can borrow from in your policy.
Term life insurance policies are very good for covering short term debt obligations, or supplementing gifts to your beneficiaries, but they are not investments with a savings feature.
You would need to have a whole life insurance policy in order to have life insurance that builds cash value you can borrow from in the future.
There is no cash value that builds up inside a term policy, so there is nothing that you can borrow from in your policy.
Term life insurance policies are very good for covering short term debt obligations, or supplementing gifts to your beneficiaries, but they are not investments with a savings feature.
You would need to have a whole life insurance policy in order to have life insurance that builds cash value you can borrow from in the future.
RSS Feed
