Why to people still buy Term Life?

•  Its inexpensive.

• You can get it for a 20 or 30-year term.

• Your company provides it while you’re employed (until you’re not!).
  
  That’s about it. But let’s make it interesting…
  
  Say you’re 30 years old and buying a 30-year term. It will protect you until you’re 60. But you’re going to live past 60, right?
  
  Did you know that only 1-2% of Term life policies actually pay out?  Doesn’t seem like good odds, does it?  And you paid all those premiums for nothing.
  
  What about a Term Policy with Return of Premium (ROP).  It costs more than Term but at least you get all or most of all that money back  you paid in for 30 years.
  
  For Example…
  You purchase a 30-year term life policy with a return of premium rider, and your monthly payment that’s eligible for the ROP benefit is $50. If you're still living when the term ends and you haven't missed any payments, you may get $18,000 back from your insurer ($50 x 360 monthly payments = $18,000).  You don’t get any interest on it but it’s still better, right?
  
  Then What?...
  
  At that point you’re only 60 so you can do a few things If you want to continue protecting your family, you can:
  
  1)     Use your 18K for Single Premium Whole Life policy. It will last until you’re 105.
  
  2)     Or, if you’re interested in Tax Free Income, you can buy a single premium Index Universal Life policy (also whole life).
  
  3)     Buy a single premium Fixed Index Annuity for an excellent income stream.
  
  4)     You can move to Portugal and live off your 18k for 6 months.
  
  I can help you with 1 through 3.  For #4, I know a guy…