Need A Financial Product Forums Insurance What happens if the policy holders fail to make the premium payments? What-happens-if-the-policy-holders-fail-to-make-the-premium-payments_REPLY


The policy holders have a 15-31 days grace period during which they can pay the premium with no interest charged and if they do not pay the premium within this grace period, and as long as your policy has sufficient cash value, the insurance company will automatically pay the overdue premium by taking a loan against the policy’s cash value and this keeps your policy in force but you will have to pay interest on this loan.

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Simplypaisa, a web initiative by Elite Wealth Advisors Ltd, has the primary objective to help readers make smart financing decisions. What is smart finance? How to make smart financing decisions to procure assets or to meet one’s personal needs? Information is critical to make smart financing decisions: be it to purchase your dream house, a car, to start a business or to enable an entrepreneur to meet his/her working capital needs.Read More...


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