A subcontractor experiencing trouble can cripple a project; knowing about their difficulties early is better, but it doesn’t eliminate the risk of default.
Term life insurance is popular because it allows the consumer to purchase a higher death benefit at a lower price than permanent life insurance, such as whole life and universal life. As the name implies, term insurance provides protection for a specific and limited amount of time. So, what can you do when you realize you need all or a portion of your life insurance to last beyond the initial length of your term?
The post Should you convert your term life insurance policy? appeared first on The Cincinnati Insurance Companies blog.