Lapsed life insurance policies.
Life Insurance companies write a clause into policies which allow policy owners to reinstate lapsed life insurance policies.
To put this into proper perspective, however, it should be pointed out that many policies that people assume are in a state of lapse are in fact still in force.
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happen to your family if you died? Would they be provided for? Compare
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If a policy has been surrendered for its cash value it cannot be reinstated.
Check your old life insured policies ...they may not have lapsed at all.
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Life insurance should be seen as an instrument to provide an income for your family.
We all want to buy low cost term life insurance. It is just the wise thing to do.
Companies that sell competitive term life insurance thrive. They grow and very fast at that.