New question in Life Insurance FAQ

Posted on July 10, 2012 and updated January 23, 2019 in Life Insurance Canada News, Life Insurance FAQ 1 min read
Assisted living costs in Canada Assisted living costs in Canada.

New question in Life Insurance FAQ:

My term life expires when i turn 65 in three years.. What happens then? I pa y $105 a month for 100k death benefit..what happens i just simply dropped and become uninsured I transferred from my employers group to personal and did not need a health exam..i have hi blood pressure type 2 diabetes and hep c

You would have to see if your policy has a conversion option if it does not your coverage would expire. You could also check if it has a reduced paid-up value

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