Life Policy, let me explain - Florida Insurance Tips
Life insurance policies are legal contracts. Policies with cash values have a valuable section inside called “Non-forfeiture valuesâ€. These are choices within the life insurance contract. If the policy expires or lapses because of non-payment of premium, the insured may: (1) Surrender the policy for the cash value (2) Elect to receive a paid up policy for a reduced amount of life insurance (3) Elect to take no
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