When to terminate term

When to terminate term

There are 1 comment on the Bank Rate story from Jul 14, 2008, titled When to terminate term. In it, Bank Rate reports that:

Some people treat term life insurance like a marriage, holding onto the policy in sickness and in health, till death do us part.

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Stillwater, MN

#1 Jul 22, 2008
I agree with the idea that converting the term policy to a permanent life insurance plan may make sense at some time in the future. But, as long as you still have temporary needs for a largere amount of protection to pay off the mortgage, or pay college tuition for the kids, etc, it makes sense to continue with term insurance. But remember, term insurance is temporary, and when the need ends, you may want to re-think your life insurance plan. You can learn more about term insurance at http://www.term-life-online.com

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