The only way you can lose money on this type of coverage is if cancel your policy before you pass away. (termlifeadvice.com)
Free look is an option given to the policyholder for canceling the policy within the free look period of 15 days from the date of receipt of policy document. (idbifederal.com)
If you already have disability and life insurance, don't cancel the policy if times get tough. (bankrate.com)