Posted by Loiuse Robbins on July 30, 2010 at 04:06:31:
In Reply to: life insurance costs posted by Ned Giovanni on July 21, 2010 at 01:40:08:
Ned: Perhaps he problem is you don't know what increasing premium term is or did not have it explained to you: Increasing Premium Term is temporary life insurance protection at an affordable initial premium. This type of policy is renewable each year which means you may renew the policy annually (until the expiry age which varies by state) without providing evidence of insurability, or proof of your good health. As long as you pay the premium, the policy remains in force. Like all term insurance, Increasing Premium Term provides pure insurance protection only. It does not accumulate cash value, nor is it eligible for dividends. Loiuse Robbins : How are my life insurance premiums going up after 5 years? I thought I had purchased level term with AAA company. : N.F.G.
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