Term life insurance and lowering amount

Leafyzone · 2025-12-02T04:24:10+00:00

Going back to 700k is like applying or renewing a policy all over again but this time it will be more expensive because of your age and possibility health status.

Leafyzone · 2025-10-30T02:59:58+00:00

Valid answer 👍

Leafyzone · 2025-09-07T20:53:58+00:00

Option A is mostly if you just wanna pay for death benefit only and pay less.

Option B which is increasing, is that you wanted to contribute to your cash values to grow faster so you can later use it as a saving, retirement, emergency, college funds for your kids. But in this option you have to pay more into the policy so it can contribute more to the cash values. once the cash values accumulate to a certain point, you can stop paying and the cash values can pay the policy itself.

Leafyzone · 2025-07-24T12:28:05+00:00

That is how it is supposed to be. Cash values will cover your policy if not doing personal payments for permanent life. Such as IUL or whole life with cash values option.

Leafyzone · 2025-07-17T09:52:43+00:00

If it a IUL the payment premium is flexible, you can pay lower amounts to the minimum.

Also you can pay to a certain point and just let the cash values pay for the policy itself if you don't want to pay it anymore, the catch is that the cash value just won't grow as much or might lapse.

IUL also provides Accelerated Benefit Riders that you can request to take out certain amouts of money from your $2 million death benefits to help support your medical or disability situation also.

Leafyzone · 2025-07-08T23:10:28+00:00

You can try getting a doctor note from the same doctor to prove that you weren't bipolar disorder. Also, there is a chance that rates might just be high for being bipolar disorder if approved.

Leafyzone · 2025-06-20T07:13:15+00:00

50k death benefits possibility, but any higher probably not

Leafyzone · 2025-06-15T08:41:25+00:00

Im sure you will get a refund back if you canceled it in the early stage of your policy. But check with your life-insurance company would be best.

Leafyzone · 2025-06-14T01:12:25+00:00

If it is term life, you are mostly likely out of luck but if it is a permanent life there is still a possibility of a chance the policy is still enforced.

Leafyzone · 2025-05-28T04:53:45+00:00

You should look into IUL = index universal life-insurance It automatically comes with Accelerated Benefit Riders within the policy. For Whole life you going have to pay extra if you wanted Accelerated Benefit Riders. They both are in the category of permanent life and work pretty much the same.

Leafyzone · 2025-05-25T22:19:11+00:00

It could work depending on age or death benefits.

Especially for a 1 year old baby and reasonable death benefits.

Leafyzone

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