What are the limitations to term life insurance policies.

There are a few important limitations to term life, including:

  • Duration of Coverage is usually limited to 30 years or less.
  • You may outlive your term life insurance protection.
  • Rates on term life increase if you choose to renew your term life insurance policy when it expires.
  • Term life is pure protection, providing a death benefit, but no investment feature.

Learn more about term life insurance policy limitations.