Reviewing and Paying Your Life Insurance Needs
When you buy a house, you know that after paying the mortgage for 25 or 30 years, you’ve paid it off and you’re done making mortgage payments. Not so with life insurance. As a general rule, you pay the premiums for as long as you live. But there are exceptions to the general rule.
You may be able to buy certain insurance that only requires a limited number of payments. For example, the old government life insurance retirement for veterans that my father bought after World War II was a 20-year paid-up policy; after 20 years, you were finished making payments. (more…)










