INSURANCE · LIFE
Coverage ends. Here are your 4 choices.
Photo: David Straight / CC0
ENTRY 01 · LIFE
PAID BACK (STANDARD)
A standard term policy refunds nothing when it ends. Return of premium policies differ.
Photo: David Straight / CC0
ENTRY 02 · LIFE
NO DEPENDENTS LEFT
Kids grown, mortgage paid, savings solid? You may not need more coverage.
Photo: David Straight / CC0
ENTRY 03 · LIFE
HIGHER PRICE
Most term policies can be renewed, the NAIC says, but premiums are higher.
Photo: David Straight / CC0
ENTRY 04 · LIFE
NO NEW EXAM
Switch to permanent coverage before the conversion deadline. Useful if health changed.
Photo: David Straight / CC0
ENTRY 05 · LIFE
START EARLY
Shop before the end date and keep the old policy until a new one starts.
Photo: David Straight / CC0
FINAL ENTRY
The full guide: renew, convert or buy new, plus questions to ask your insurer.
nexgenheadlines.com
Photo: David Straight / CC0