Is Inexpensive Life Insurance worth having?  Some would say no because the most inexpensive life insurance is term life, which most people never cash in on.  Term life is available only for the term of the policy, and is not cashable at any time.  It is simply an inexpensive life insurance policy that covers you for ten years, or whatever the term is, and if you are still alive at the end of the term then you have just given your money away to the insurance company.  That’s what some would say.

Others, however, would warn that it is impossible to predict the future and to try to say that you will definitely be alive in ten years is foolish.  It is better to be protected with an inexpensive life insurance policy than with no policy at all, for the sake of your loved ones.