Term fast life insurance advocates point out that in such cases, the breadwinner can renew the term fast life insurance policy, or take out a new one. Now it's the whole lifers' turn to say, "Not so fast." By the time the second term fast life insurance policy is needed, the breadwinner will likely be in his or her fifties or even sixties. Due to the age of the insured, the cost of a second term fast life insurance policy will be much higher than the cost of the first was.