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Does anyone know (term life ins related)
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betty
My boys
Member since 5/05 4380 total posts
Name:
Beth
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Does anyone know (term life ins related)
Let's say you get 30 year term life insurance for 1m and you die the year before the policy is up do you (your spouse) get the whole million or does the amount go down. DH thinks that the amount depletes as you get older and closer to the end of the term ....I thought if you take it out for 1m you get 1m until the policy is up (even if it's 30yrs)
TY!!!
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Posted 2/4/08 5:24 PM  |
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Long Island Weddings
Long Island's Largest Bridal Resource |
Blu-ize
Plan B is Now Plan A
Member since 7/05 32475 total posts
Name:
Susan
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Re: Does anyone know (term life ins related)
you get $1m. It doesn't go down unless you have bought a policy that has that provision. There are policies like that. Check your contract.
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| Posted 2/4/08 5:27 PM |
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betty
My boys
Member since 5/05 4380 total posts
Name:
Beth
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Re: Does anyone know (term life ins related)
That's what I thought. I will read it carefully though.
Thank you!!!
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| Posted 2/4/08 5:28 PM |
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headoverheels
s'il vous plaît
Member since 6/07 42079 total posts
Name:
LB
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Re: Does anyone know (term life ins related)
most policies are standard and don't have that provision, but you're right - definitely read before you sign!
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| Posted 2/4/08 5:46 PM |
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