Life Insurance Policy Lapse – Now What?

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Posted on 19th December 2013 by Rita in Life Insurance |TERM Life Insurance |WHOLE LIFE Insurance

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life insurance lapsed what to do

Consequences of letting your life insurance policy lapse and what you can to do if your policy has lapsed…

First let’s go over what it means when a life insurance policy has lapsed? It means the policy is no longer in effect. The policy ended or expired when a policyholder stops making premium payments. This also means your beneficiaries are no longer entitled to the death benefits from the life insurance policy, simply because there is no insurance policy. Without a life insurance policy, you may be leaving (more…)