Last Updated on January 20, 2021
5. Life insurance will cost you money.
Well, this is not the main disadvantage of life insurance! It is obvious that it will cost you some money. It’s not a service that you can get for free, but also not impossible to afford, especially if you decided to go for term life insurance instead of permanent life insurance. The latter, as I have mentioned above, can cover you for a fixed period of time. And if you are a healthy person, then this will definitely cost you less than your gym membership or monthly trip. just make sure you stay away from the 9 expensive life insurance traps that some people fall for.
