Limited-pay options for lifetime coverage

July 23, 2024 by Kathleen Johnson

Limited-pay life insurance is an appealing proposition to many clients. With today’s flexible products, there are multiple ways to achieve a limited-pay solution. Limited-pay life insurance, often called 10-pay or 20-pay, is a traditional whole life carrier product design less frequently offered today. Although the concept works well in certain client situations, many plans lacked flexibility in case of clients’ changing financial situations, so many carriers — and financial professionals — moved away from offering them.

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Originally Posted at InsuranceNewsNet on July 17, 2024 by Kathleen Johnson.