I was told when I reach 100 years old I collect my life insu

by ZIPSTERM » Mon Aug 12, 2013 01:42 am

STRAIGHT LIFE INSURANCE POLICYIES HAVE NO PAYMENTS LISTED AT 100 YEARS OLD. DO I RECEIVE MONEY AT 100?

Total Comments: 2

Posted: Mon Aug 12, 2013 08:09 pm Post Subject:

NO. Modern cash value life insurance policies (issued after about 2009) have a maturity age of 121. Many policies do not require premium payments after age 100, but that is not the same as the policy maturity.

Posted: Mon Aug 12, 2013 09:25 pm Post Subject: Age 121

Thank you for this information. I appreciate your reply.

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