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| lic india nav
| His concern was that when he had purchased the policy he was under the impression that the policy would provide coverage for his entire lifetime at a fixed premium of $120 a month was was being drafted from his checking account each month. If structured properly, the policy that he has could provide coverage on a lifetime basis. Recently I had a gentleman contact that had found me through a Google search. The problem though was that each month he was getting a notice from the insurance company that if he wanted to continue the coverage, he would have to make an additional payment. The policy that he had purchase, which he thought was a Whole Life Insurance Policy that guarantees the death benefit and the lifetime premium was actually a type of policy called a Universal Life Insurance Policy. He had a life insurance policy with a company that I represent and he was looking for a local agent to assist him. He had a life insurance policy he had purchased about 15 years ago and the agent was no longer around. However, between it not being structured properly and not reviewing it regularly with an. |