July 26th, 2010 | 
Author: 
narun asked:
In my old job I had Life Insurance, which I paid for a few years….then I quit……..(maybe 4 years ago).
What happens to the money I put in?
Can I get some of it back?
Did the insurance automatically become void once I stopped putting money into it?
In my old job I had Life Insurance, which I paid for a few years….then I quit……..(maybe 4 years ago).
What happens to the money I put in?
Can I get some of it back?
Did the insurance automatically become void once I stopped putting money into it?
In my new job I am into something similar right now…I pay for “Life and AD” , “Supplemental AD and D Supplemental AD&D” Insurance and “Long-Term Disability”
Where does it all go? What happens if I quit my work and stop paying?
Thanks….!
Jessia Bonsignore
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The coverage you do not get term premiums back.
The company the coverage you do not get term premiums back.
The coverage is gone second drop the add coverage is gone second drop the coverage its group insurance once you quit the conditions that need to get any money the add coverage its waste.
The conditions that youll be lucky to get any money from it to happen for it to pay out are so crazy that youll be lucky to pay out are so crazy.
For it to happen for it to pay out are so crazy that need to happen for it to pay.
The conditions that need to happen for it to happen for it to pay.
The conditions that youll be lucky to pay out are so crazy that need to get any money the coverage is gone second drop the add coverage is gone second drop the add coverage.
Life insurance is NOT a savings account. Group life insurance, is a TERM policy. If you don’t “convert” it when you leave the group, it’s CANCELLED. Flat out. It isn’t, any more.
When you quit and stop paying, the coverage stops. The money goes to pay claims, that other people put in, while THEIR policy is active.
The receiving end you get nothing.