Understanding Paid Up Life Insurance

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You have heard the term paid up life insurance, but what really is it.

If my life insurance is truly paid up do I need to pay premiums, or do they stop. This is why we created this video to help you get a understanding.

With so many companies and so many life insurance terms, we are here to help.

Needs change as we age, and it's beneficial to have a life insurance policy that can change with them. If you're getting older, you may have premiums that are hard to pay or coverage that doesn't suit your situation anymore.

Get a quick easy life insurance quote online.

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[fuzzyelm]

He forgot to tell you that if you borrow from your policy it’s because you over paid for insurance and you can borrow the part that you overpaid! So you are actually borrowing your own money and you have to pay it back with a fee, no you do not get the fees ! But what you get is screwed ! If you die the amount you still owe is deducted from your policy benefits! So pay more so you can borrow your own money back for a free but if you sue you still have to pay the debt that was your money to start with!
It’s a terrible product

[fuzzyelm]

What is a paid up policy? It’s a policy that you have overpaid for so long they make enough money each month on your money that they pay the premium for you ! It’s not a good thing and in fact is a waste of money ! If you get offered a whole life plan then run the salesman out if your house it’s a terribly product