re: Universal Life Insurance. What happens at end of insured period? Do I get my money back?
I was given a Universal Health Insurance policy. It is all "paid up", meaning I do not have to put any more money into it. It says that the policy will continue in force until "Maturity". What happens at maturity if the person insured hasn't died? Is there money left in the policy?
Public Comments
- Maturity can be different for each companies policies most are age 90 or 95. yes there is money now. the earnings from your premiums are there and adding value every year Don't do this but you can request the dividends be sent to you, but that makes the future value alot less The earnings left in the policy increase the total value over face amount.
- YOU DO NOT GET MONEY BACK FROM AN INSURANCE POLICY,YOU CAN GET MONEY BACK FROM AN ASSURANCE POLICY.
