Important information about your life insurance policy.....

Important information about your life insurance policy.....

Important information about your life insurance policy : Life insurance is a stable part of a broader financial plan. There are many options
available, and you have the right to shop around and seek advice from different
financial adviser in order to find the options best suited to your needs.
You are confident to consider the following possible substitute to letting your lifepolicy lapse. These alternative include, but are not limited to:
1. Accelerated Death Benefit: Your policy may provide an early or accelerate
discounted benefit payment if you have a incurable or chronic illness.
2. Cash Surrender: Your policy may have a cash lay down your arms value your life insurer
would pay you if you cancel it.
3. Gift: You may be able to gift your policy to your beneficiary, who would then
assume accountability for paying premiums.
4. Life Settlement: You may be able to sell your life insurance policy to a third
party. You pay no further first-class. The third party become the policyholder and receives the improvement upon the insured's death.

5. Maintain Your Policy: You may be able to maintain your life insurance policy in
force by paying the premiums directly or using your current policy values to pay
the premiums.
6. Policy Changes: You may be able to reduce or do away with future premium
payments by obtaining a paid-up policy, by reducing optional coverages, or
through other options available from your life insurer.
7. Policy Loan: You may be able to take out a loan from your life insurance
company using the cash value of your policy as collateral. Loan income can be
used to pay the premiums or for other purposes.
8. Third-Party Loan : You may be able to get a loan from another party to pay your
policy's premiums. In return, the lender may need an job of a segment or
all of the policy's death repayment.