What is the term of your life insurance policy?

Discussion in Life & Health Insurance started by lindbergh • Apr 16, 2014.

  1. lindbergh

    lindberghWell-Known Member

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    I have a life insurance policy that I must pay for 5 years. I'm paying $80 per month for my policy. After the five year payment period, I must wait another 5 years so that I could get a lumpsum payment. I think the terms are good. I do hope that the securities that are backing up my life insurance policy would perform well so that I would get a high lumpsum payment.

    What are the terms of your life insurance policy?
     
  2. Parker

    ParkerWell-Known Member

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    I don't have a term policy. I almost purchased a twenty year policy. I ended up buying a Whole Life Policy. I wanted a policy to cover my burial expenses. I don't have any dependents so that works for me.
     
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