The Benefits of a Life Insurance Policy

The life insurance company on its books is holding a bunch of assets, typically bonds, that if you want to think of it this way are like earmarked to back up your policy. So with the term policy, there's nothing wrong with it. It's the pure function of life insurance for writing death benefit coverage. And then when you stop paying it, if you haven't died and you decide at some point you want to stop paying that or stop renewing it? The rates keep adjusting based on your new mortality,. At some point you might stop and at that point the flow of insurance coverage ceases. You walk away and it's not that you got ripped off.