Posted by JAX (66.25.36.240) on June 22, 2003 at 00:40:22:
In Reply to: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Re: Cash Surrender posted by KEN YOUNG on June 21, 2003 at 18:44:12:
: : : : : : :
: : : : : : Ken, you are an idiot.
: : : : : : A life paid up at 65, is a whole life paid up at 65. At 100, the policy endows and you are finished.------------------->>> You are finished with what idiot?
: No such thing, you received a check in the amount of the face value of the policy which it appears that you did not know either.
: -------------------------------->>>>> JAX/STEVE SAY'S YOU RECEIVE A CHECK IN THE AMOUNT OF THE FACE AMOUNT OF THE POLICY AT AGE 65? YOWEEEEE WHAT A UNINFORMED JERK. WILL SOMEONE ELSE PLEASE BLOW THE COB-WEBS OUT OF HIS BRAIN?----------->>>>>>>>>>>>>
Again you have proven that you lack the ability to correctly read a posts.
I SAID IN MY POST ABOVE:
: : A life paid up at 65, is a whole life paid up at 65. At 100, the policy endows and you are finished.------------------->>> THAT THE POLICY ENDOWS AT AGE 100. PREMIUMS PAID UNTIL AGE 65, POLICY ENDOWS AT AGE 100. ENDOWS KENNY AND FOLKS MEANS THE CASH VALUE EQUALS THE FACE AMOUNT.
WHERE DID I EVER SAY THAT THE COMPANYS PAYS YOU A CHECK AT AGE 65?? OK, KENNY, WHERE DID POST THAT THE INSURED GETS PAID A CHECK AT AGE 65??
BTW: FOLKS. 20 PAY LIFE MEANS YOU PAY FOR 20 YEARS. YOU CAN CALL IT A LIMITED PAY WHOLE LIFE IF YOU PREFER, BUT IN EITHER CASE, YOU ONLY PAY FOR 20 YEARS.
: : : : : : A 20 pay life is a whole life paid up in 20 years. ================>>> No, a 20-pay life policy is a limited pay life insurance policy affording you coverage until the policy endows at age 100 and you receive the face amount of the life insurance in the form of a check payable to you out of the company's funds.
: : : : ---------------->>>>>>>>>>>>>>Ken posted the above post saying, "No, a 20-pay life is a limited pay life ins. policy.............."
: : : : The Ken Young posts,
: : : : "TAKE A LOOK AT THE BOTTOM OF A 20-PAY LIFE POLICY THAT LILLI SELLS, SO SHE SAYS. IT READS, "20-PAY WHOLE LIFE POLICY". THAT MEANS THAT THE PREMIUM PAYMENTS ARE LIMITED TO 20-YEARS AND THE COVERAGE IS FOR THE INSURED'S WHOLE LIFE." ....Ken Young
: : : : I stated above that a 20-pay life is a whole life with premiums limited to 20 years and
: the coverage is for the insured's whole life.
: ------------------------------>>>>> AFTER READING THE DEFINITION I POSTED YOU CHANGED YOUR STORY TO PARROT ME. YOU SAY, "LIMITED TO 20 YEARS". THEN YOU AGREE WITH WHAT I POSTED. IT IS A LIMITED PAY LIFE POLICY. YOU ARGUE JUST FOR THE SAKE OF ARGUING. IF I SAY WHITE, YOU SAY BLACK. IF I SAY BLACK ON THE SAME SUBJECT YOU SAY WHITE.
--------------->>>>>>>>>>>>>KEN, YOU POST THAT A 20 PAY LIFE IS A WHOLE LIFE. OK, ARE YOU SAYING THAT A 20 PAY LIFE IS NOT A WHOLE LIFE????
FOLKS, HERE IS HOW IT WORKS. PAY ATTENTION KEN.
A 20 PAY-LIFE, LP AT 65, ETC. ARE TELLING YOU THE LENGTH OF TIME THAT YOU HAVE TO MAKE PREMIUM PAYMENTS.
THE LIFE PART OF A 20 PAY-LIFE STANDS FOR WHOLE LIFE. THAT IS THE LENGTH OF TIME THAT YOU ARE COVERED FOR.
EXAMPLE: A 20 PAY LIFE MEANS THAT YOU PAY PREMIUMS FOR 20 YEARS. AND
YOU ARE COVERED FOR LIFE, AND THE POLICY WILL ENDOW AT AGE 100, JUST LIKE ANY OTHER WHOLE LIFE.
SIMPLE, RIGHT?????
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