What Are The Advantages And Disadvantages Of Term Life Insurance? 
By far the major advantage of term life insurance is cost . These policies are designed to protect the beneficiaries for a period of time , the longer the period , the higher the premium . Most term policies are convertible into `` permanent '' coverage . Some carriers will allow conversion into any permanent product they offer , while others severely limit your choices . The disadvantage of term is that many people choose inadequate time periods and concentrate on immediate cost versus longer term family needs . 