If you stop paying the premiums on a term life insurance, Financial Management

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If you stop paying the premiums on a term life insurance

True or False:

1) If you stop paying the premiums on a term life insurance policy, the insurance company will pay you the value of all premiums paid plus interest.

2) In general, level term life insurance is high-benefit coverage you buy for a set period of time. Premiums are typically lower than for permanent insurance such as universal life policies.

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Financial Management: If you stop paying the premiums on a term life insurance

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Financial Management: If you stop paying the premiums on a term life insurance

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