What happens when a life insurance policy is paid in full?
What happens when a life insurance policy is paid in full?
A paid-up life insurance is a life insurance policy that is paid in full, remains in force, and you don’t have to pay any more premiums. It stays in-force until the insured’s death or if you terminate the policy. Paid-up life insurance is only an option for certain whole life insurance policies. May 7, 2021
