What is one advantage of using term insurance?

Question

Quizplus · Accepted Answer

An advantage of using term insurance is that it is flexible for the insured. The purpose of term insurance is to provide additional protection for the insured and is often added to existing insurance as a rider. Term insurance has an initial low cost and as temporary protection will often be used to cover temporary needs like financial obligations. When life situations change, term insurance can provide coverage for those with limited resources to invest.

What Is One Advantage of Using Term Insurance