Years ago an old aunt came to me and told me that she had a couple of old life insurance policies
that she had not paid premiums on for more than 10 years.
She thought the policies must have lapsed. I took her into an agency office of the company and met with an agent.
After a few telephone calls he came back with the verdict. Not only were both these old policies still in force, but they had cash values in excess of $3,000 They were whole life policies.
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Death proceeds from 10 year life insurance can be in lump sum form or incomr form
The 5 year term life insurance policy has been around in insurance circles for a very long time. It can be sold as a policy or as a rider to a permanent life insurance policy.
The 20 year term insurance policy is one of the most sought after life insurance policies.
Take a look at 20 pay life insurance. Most people know that you buy whole life insurance if you want to be covered for the rest of your life even if you live to age 100.