What happens at the end of a 20 year whole life insurance policy?
What happens at the end of a 20 year whole life insurance policy?
Surrendering Whole Life Insurance Once you stop, the policy lapses, and the insurance company will no longer pay any benefit if you pass away. With whole life, it’s not that simple. If you stop paying, the cash value will be used to pay any premiums until the cash value runs out and the policy lapses. Dec 2, 2021
