Life Insurance: Managing Premiums and Policy Maturity
by Peter Katt
Explaining the implications of when and how a permanent life insurance policy matures can seem like a performance of Abbott and Costello’s “Who’s On First” routine.
But it is information you need to understand in order to make informed decisions regarding your permanent life insurance.
One way for a policy to mature is the insured’s death. Proper management of a policy depends on understanding how a policy matures other than death. But there isn’t a one-size-fits-all answer: How a policy matures depends on the type of policy.
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