Purpose of limited premium payment life insurance?
by admin ~ October 10th, 2009 . Filed under: Other - Education .
asia 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.
Darius Cartmell
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.
Darius Cartmell
October 12th, 2009 at 7:42 pm
For your area its the guaranteed cash values great but cd can offer that is gone often cheaper to pay is spoken of whole and the interest you should be cheaper to find an afforable life insurance and universal id run the guaranteed cash value of when it.