Unfortunately the majority of life insurance policies in force today will lapse before a death claim is made. Industry statistics point to the fact that about 90% of all life insurance policies lapse before the death of the policyholder.
There are several reasons for this chronic industry wide problem including the following:
Underfunded Universal Life Policies that used unrealistic interest rate assumptions when they were put in force.
Variable Life policies that lost much of their values due to stock market corrections causing a lapse or a spike in the premiums needed to keep the policy in force.
Policyholders that outlived their term insurance and never converted them in time to keep their coverage in force.
People that due to the recession cashed in their insurance policies.
And many other factors sometimes due to policyholders not understanding how their policy worked and they replaced the insurance.
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We have the solution to this problem !
No Lapse For Life.com is a service designed to monitor your policy and guarantee that it won't lapse before your life expectancy.
Our service provides you with the following:
An in force illustration of your current policy to show you the premium you need to pay to keep your policy in force until your life expectancy.
An annual review to make adjustments to your premium that might be necessary in the future.
A spreadsheet presentation of term to age 100 illustrations with quality companies that may be an alternative to your current policy if we cant repair your insurance to your satisfaction.
A beneficiary review to explore the best way to leave your insurance proceeds to others on a tax free basis.
And much more.
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