Top 10 Reasons Not To Purchase A 10-Year Term Insurance Plan

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Top 10 Reasons Not To Purchase A 10-Year Term Insurance Plan

1. You have a mortgage with an amortization period (that is, the number of years to pay off your mortgage) greater than 10 years. Don't be fooled! A 10-year term can prove to be very costly for a 20 or 25 year amortization period.


2. You expect to change jobs or advance in your career that would require you to move.


3. You expect to upgrade your home or buy a bigger home.


4. You have a young family and expect to have more children.


5. You are much more than 10 years from retirement and would like to provide a portion of your income to your family should you die unexpectedly.


6. You have a financial obligation toward your children that are much more than 10 years from completing their education programs.


7. You have a personal or business loan, line of credit, or credi... http://auto-insurance.ucoz.com/news/top_10_insurance_brokers/2013-06-23-4165