At first look, term insurance may seem attractive because you can purchase large amounts of coverage at a relatively inexpensive price. But, the cost should not be the only consideration that goes into your decision making process. For instance, consider the impact of becoming uninsurable at the end of the term period due to a health condition. You may save a few dollars today, but the eventual cost of uninsurability may be the death benefit your beneficiaries will never receive. Permanent protection also offers a host of policy riders that can further enhance the effectiveness of your policy.
Term insurance provides a much more limited range of riders.