Term Life insurance is temporary, and it ends at a pre-determined term. Cash is paid-out from a term life policy only if the person covered passes away during the term (or if they have special riders like Return of Premium). So why should you invest in Term Life Insurance? Is it really worth it?
Yes. Yes it is.
BUT WAIT-you say; term life doesn’t build cash value like a Whole Life policy does. So, if I don’t die, it’s kind of not worth it, right?