shopify analytics ecommerce
tracking

10 Pay Life Insurance

The 10 pay life insurance policy is getting more and more popular every day. What is a 10 pay life insurance policy anyway?

How does this type of life insurance work?...

Ten payment life insurance is a whole life policy in which all the premiums would be required to be paid in 10 years.

This is what is sometimes referred to as a limited payment life insurance policy...in this case premiums are limited for 10 years.


There is nothing more important than your family's security. What would happen to your family if you died? Would they be provided for? Compare Top Quality Quotes and Save up to 70%! The process is fast, easy and FREE. Click Here


10 Pay Life Insurance

Ten payment life insurance is a whole life policy in which all the premiums would be required to be paid in 10 years. This is what is sometimes referred to as a limited payment life insurance policy...in this case premiums are limited for 10 years.

  • Advantages

    One of the advantages of owning this type of insurance is that you pay for 10 years and never have to pay another premium. The policy remains in force.

    The death benefit remains level for the duration of the policy is paid to your beneficiary when you die. This can be paid in one lump sum or in the form of a monthly income.

    Some people don't like to think about paying premiums and as a result they may find a limited pay life insurance policy to their liking.
  • Disadvantages

    As you may appreciate the premiums for this policy can be pretty high. What the insurance company is doing in this case is packing premiums in 10 years that would normally be paid each and every year for as long as you live.

    If you, however, are fortunate enough to buy your 10 pay life insurance policy from a company that very efficiently keep their costs down while at the same time show a good return on investment you would receive what is called a dividend which among other options can be used to reduce your premiums.

    Dividends are not guaranteed. All in all it could work out pretty well for you.
  • Policy Riders

    Like most life insurance policies you may add certain riders to your policy. You could add the waiver of premium rider to your policy. If you should become disabled the life insurance company will waive your premiums for as long as your disability lasts.

    You must be disabled for at least 6 months to qualify for payment with most companies...and you don't owe the life insurance anything for the premiums they waived during your disability. Whenever you go back to work you would pick up your premium payments again.

    Most life insurance companies also offer the accidental death benefit rider. If you add this rider to your 10 pay life insurance policy and you should die in an accident the life insurance company will pay twice the basic death benefit to your beneficiary.

Don't pay too much for life insurance! Shop and compare Quality Quotes from Quality Carriers and Save. Just answer a few quick questions then get your Quotes. The process is easy and FREE. Click Here For More


Home Articles 10 Pay Life Insurance Whole Life Insurance Limited Payment Life Insurance Single Premium Life Insurance Graded Premium Life Insurance Variable Life Insurance Accelerated Death Benefit Advantages Of Whole Life Insurance Affordable Life Insurance Rate Best Term Insurance Burial Insurance Cheap Mortgage Life Insurance Explanation Of Term Life Insurance Life Insurance Company Temporary Insurance Term Life Insurance Cash Values Dividends Accidental Death Benefit Nonforfeiture Values

Speak with a Licensed Agent:

1-954-874-6485

Tools And Resources

Life Insurance Need Calculator

Compare Term Life Insurance Quotes

Recent Articles

  1. Life Insurance | Term Insurance, Whole Life, Universal Life

    Shop And Compare Term Life, Whole Life And Universal Life Insurance Rates From A Highly Rated Carrier

    Read More

  2. Great 30 Year Term Insurance Policies Explained - 30 Year Term Life Insurance

    I recently did some research on the development of the 30 year term insurance policy over the years. What I learned was quite interesting.

    Read More

  3. Life Insurance No Exam - Apply For Life Insurance Without Exam

    Want to buy some life insurance no exam required? It is much easier to get than most people think.

    Read More