If I outlive the policy I get nothing – why should I get it?
Well firstly, it’s definitely a good thing to outlive your policy! Life insurance could be seen to be similar to car insurance – you hope you won’t have to use it.
Secondly, a life insurance policy exists to give you peace of mind. Can you put a price on that? Knowing that your loved ones won’t have to worry about the finances if you pass away is why many people opt for life insurance in the first place.
There are also policies, such as Whole of Life Policies, that are designed to last as long as you do.