Limited protection amounts . Policies are often designed to provide basic protection or benefits. Amounts are often limited by uniform standards. Or there may be a two-year maximum benefit period for disability income coverage. Such policies, unless supplemented, could leave your insurance package woefully inadequate.
Costs generally increase on an age-based schedule .
Especially at older ages, rates on many types of coverages can increase dramatically. Your coverage may terminate if you leave your job . But this is not universally the case. If you quit or are let go, you may find yourself out of work and without benefits. Your Employer has the right to terminate the coverage age any time .