Archive for August, 2022

Life Insurance at Policy Maturity

August 15th, 2022 No comments

The policy death benefit often doesn’t stay in force automatically; you have to ask for it.

Two policy owners have been referred to me by two advisors in the past two weeks with the same question. “Can you help us determine what happens to the life insurance we have in place on mom/dad when they turn 100?”

The mom and dad (from different families) were both 99 years old. I had good news for one family and bad news for the other.

Bad News

Here is some of the contract language for the family with the policy that wouldn’t last beyond age 100: For full post, click here…

Categories: Life Insurance Tags: