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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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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Did you know that you can get instant term life insurance?
No Medical Exam Life Insurance. What is going on here? Is this new? The way people act one would think that this is an entirely new idea.
It is common practice for buyers to do a term and whole life insurance comparison before signing on the dotted line. Many people only consider the differences in premiums.