What happens to the dividend option term rider on a whole life insurance policy? - whole life insurance policy
If the cost of insurance on the dividend option of the pilot testing is to be paid higher than the monthly premium. What happens to the long-term policy of whole life insurance at this time? I am now, that runner to maximize all my life for my policy death benefit at the lowest cost, but I think that either I have to pay more if the cost of the premium increases, or I need to free the driver.
Monday, January 11, 2010
Whole Life Insurance Policy What Happens To The Dividend Option Term Rider On A Whole Life Insurance Policy?
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2 comments:
This is a good question to your agent or customer service, because the dividends are not guaranteed and can have a significant influence on the policy if they change. If part of your life depends on dividend policy, then it is guaranteed in your current premiums. As you mentioned, you may have to pay higher premiums to maintain the same amount, or reduce your coverage in case of changes in dividends from the insurance company.
Also, I would not use the term "low cost" because it can reach a convenient way for you to the same target. I recommend always someone looking for life insurance into account the views of more than one source.
Good luck
The purpose of the dividend is paid an option to supplement or long-term insurance for a certain period of purchase (5 years, 7 years, etc.) .. It seems that you use it, and its dividend is to achieve long-term insurance to age. This can lead to an increase in the cost of the premium. You can check to pay for additions. The amount of insurance would be less, but would the higher costs that prevent you mention.
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