<h1>Forgoing Term Life Insurance Risks Estate Solvency and Dependents' Financial Rights, Exposing Assets to Creditors and Liquidation</h1> Forgoing term life insurance can create legal and financial exposure for a decedent's estate and surviving dependents: creditors may pursue repayment of mortgages, loans, and EMIs from estate assets or co-signers, potentially triggering foreclosures or liens; unpaid obligations can force liquidation of assets and compromise heirs' future claims; insufficient coverage can frustrate dependents' contractual and statutory rights to maintenance or education funding. Properly drafted term policies, adequate sum assured, timely purchase, truthful disclosure, periodic reviews, and appropriate riders mitigate creditor risk and preserve estate liquidity, while policy exclusions, contestability periods, and beneficiary designations require careful attention to ensure intended protection.