These 10 to 20 year term life policies are designed to be temporary insurance coverage. The low premium cost is established because the chance of death occurring (actuarially speaking) while these polices are in force is very low. These polices should only be considered as an intermediate step before more permanent policies are included or needed. Historically speaking, since most term life policies either expire or get cancelled before they pay a death claim, in those cases the consumers' cost is the total premiums paid, plus the potential earnings lost on the premium payments, plus the loss of the death benefit, and eventually any estate assets lost to taxes or other eroding factors brought about by one's death. 

The LEAP SYSTEM believes that consumers need to see a fair and balanced comparison as to the actual overall costs of term life insurance policies. Make sure you completely understand how costly these term life policies might be in the long run before making any long-term decisions in your insurance portfolio. See our complete explanation below.

Click here for a complete presentation on this product and its potential for wealth erosion in the long-run.