What Are The Advantages And Disadvantages Of Life Insurance? 
The advantages of having life insurance is knowing that your financial obligations will be taken care of and not a burden on your survivor . The disadvantage of life insurance is that for the vast majority the insureds do not match their Survivor 's need for cash upon their death with the ` Right Kind ' of insurance plan . Consider for example : a married insured whose Spouse relies upon their income to sustain the expenses of daily living . What is the ` Right Kind ' of Life Insurance plan and what is the ` Right Amount ' of death benefit ? Term Insurance 's disadvantage is the fact that very few deaths occur in the coverage period . Their need for income remains unprotected . Permanent plan 's disadvantage is the fact that only the wealthy can afford the face amounts required to support a Survivor 's need for lifetime income . Reversionary Annuity by design is the ` Right Kind ' of life insurance plan when Survivor Income is the need . It is much more affordable than Permanent plans and 100 % of the Surviving spouses will receive its benefit . 