The Surprise ‘Expiration Date’ On Life Insurance Policies

October 3, 2017 by Darwin Bayston

The Wall Street Journal recently brought attention to a problem that is quietly impacting the estates of Americans who are fortunate enough to realize their 100th birthdays: the expiration of the life insurance policies they believed to be permanent assets.

Some whole and universal life insurance policies in force today were designed to cover the insured through age 99. This age limit is a formality that once was given little thought since it was a rare feat to live past that age. But thanks to improvements in medicine and healthier lifestyles, the number of American centenarians has climbed by 44 percent since 2000.

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Originally Posted at InsuranceNewsNet on October 1, 2017 by Darwin Bayston.