November 10th, 2009 | 
Author: 
asked:
What is the purpose of limited premium payment term life insurance? Is it so that the insurance companies can get hold of your premiums over a shorter period, or does it actually work out cheaper in the longer term for the policyholder? I appreciate that you may chose the premium term to be limited if you are close to retirement, but let’s ignore that case for now.
Denny Nally
What is the purpose of limited premium payment term life insurance? Is it so that the insurance companies can get hold of your premiums over a shorter period, or does it actually work out cheaper in the longer term for the policyholder? I appreciate that you may chose the premium term to be limited if you are close to retirement, but let’s ignore that case for now.
Denny Nally
Posted in Other - Education | 
Tags: Insurance, Insurance Companies, Limited, Policyholder, Premiums, Retirement, Term Insurance, Term Life Insurance
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