The fact is many people buy life insurance but they may end up either forgetting to pay the premiums at some point in time and having their life insurance coverage cancelled for non-payment of premiums, or they choose to cancel their policy after a certain number of years for any number of reasons.
In addition, many people may outlive the duration of their life insurance plans.
So, that means, many life insurance policies do not end up paying out a death benefit because they are no longer "In Force" when the insured person dies.
The bottom line is this: If you need life insurance to provide protection for the financial security of your family’s future, it can be much cheaper than you might expect to get the coverage your family needs and deserves.
Learn more about why life insurance policies are so cheap.