Tuesday, November 15, 2016

What if my health fails after I get a life insurance policy, will it be cancelled?


No, your life insurance will not be cancelled after being issued a policy and then developing a health issue.

After your life insurance policy is issued your policy cannot be cancelled by the insurance company if your health deteriorates.

Keep in mind that non-payment of your premiums for life insurance coverage can result in a cancelled policy.

So, make sure to pay your premiums on time. One way to do this is to set up an automatic withdrawal from your checking or savings account to send payment to your insurer when payments are due.

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