subject: Cheapest Term Life Insurance [print this page] Disadvantages Disadvantages
If you are to survive beyond the term period then the policy has no maturity value. All premiums paid are lost. A pure protection insurance with no element of investment.
On death of the life assured the policy will only payout a one off payment of the sum assured, and does not provide a regular monthly payment equivalent to the life assured's income, as family income protection would.
