How long is ‘forever’ when it comes to permanent life insurance?

June 26, 2024 by Marc Barnes

When presenting permanent life insurance solutions, clients frequently ask how long they will need to make premium payments. When products are sold based on covering a specific need, such as a mortgage or college for kids, once clients are in their retirement years with a paid-off mortgage and grown kids, they may wonder what the options will be to minimize or eliminate payments on a permanent policy.

Clients may like the idea of permanent protection but the idea of paying forever can be a daunting proposition, which is why discussing options to stop paying should be part of the initial conversation.

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Originally Posted at InsuranceNewsNet on June 24, 2024 by Marc Barnes.