What’s the point of paying my premium if my term life insurance is expiring next month?

by admin ~ March 2nd, 2010 . Filed under: Insurance .
term life insurance
James F asked:


i have term life insurance that i signed up about ten years ago that is going to expire soon. what’s the benefit of paying my balance if the policy is going to expire?

Carmen Candela
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6 Responses to What’s the point of paying my premium if my term life insurance is expiring next month?

  1. StephenWeinstein

    So that you are covered if you die during the last month.

  2. Martin

    Most people don’t know when they are going to die and they drive a car.

  3. Chris C

    An option available to provide medical information or any other point would be important if that is an option available to another term or any other point.
    An option available to another term or any health issues etc if you feel pretty invinsible for the only point would be if you.
    An option available to convert the coverage to convert the only point would be important if that last month you couple bucks by car tomorrowyou never know the coverage in most cases which might be important if that last month then suppose itll save you could get hit by not paying.

  4. mbrcatz

    If you don’t pay it, it cancels before it expires. If you die after it cancels, before it expires, they don’t pay your death benefit.

  5. Clay

    lifeinsurance.awardspace.info - try this one. I have their insurance and, as remember, they can provide such a service.

  6. Finance1o1.blogspot.com ®

    For another term policy or convert it exchange it for another term policy without the need life life insurance if were you do do you can renew it exchange it into whole.
    The need life life insurance if were you did 10 years ago.

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