Life Insurance: Is Term Life Always Enough

Canadian Lic15 Nov, 2024Finance

Is a Term Life Insurance Policy always enough? For many, term life is an affordable way to secure coverage for a set period, like 10, 20, or 30 years. It’s ideal for covering big expenses, like mortgages or children’s education, during critical years. However, Term Life Insurance doesn’t build cash value and expires after the term, meaning no payout if you outlive it. To determine the right fit, compare Term Life Insurance Quotes and consider whether your long-term needs call for additional, permanent coverage.