close
    1. Home
      2. ›
    2. Business & Finance
      3. ›
    3. Insurance
      4. ›
    4. If you have a life insurance policy and pay it off ...What happens to the policy then?
    If you have a life insurance policy and pay it off ...What happens to the policy then?

    Answer this
    0  Views: 582 Answers: 1 Posted: 13 years ago
    Comment this question

      1 Answer

      If a policy has matured the document becomes worthless. If you have simply stopped paying, the policy becomes 'paid up' in which case you can re-start premium payments or leave the policy until it matures. Best to see an insurance agent to check this.

      12 years ago. Rating: 1
      Comment this answer



        Did this answer your question? If not, then ask a new question.

        Top contributors in Insurance category

         
        ROMOS
        Answers: 15 / Questions: 0
        Karma: 1110
         
        country bumpkin
        Answers: 13 / Questions: 0
        Karma: 795
         
        Colleen
        Answers: 38 / Questions: 0
        Karma: 750
         
        Benthere
        Answers: 1 / Questions: 0
        Karma: 540
        > Top contributors chart
        466431
        questions
        722239
        answers
        785345
        users