Insurance Verifier Question: Download Insurance Verifier PDF
Please explain what happens to the cash value after the policy is fully paid up?
Answer:
After the policy is fully paid up, the company plans to use the cash value to pay your premium until you die. If you take the cash value out, the insurer will require you to pay the premium or reduce the amount of the death benefit so the remaining cash value will support.
| Previous Question | Next Question |
| Please explain what is ‘gap insurance’? | What are the different types of Insurance coverage? |