Question: If someone has a Universal Life policy with say $3,000 in Cash Value and perhaps $2850 in outstanding loans/interest why will this cause the policy to go into a lapse pending status? If the policy owner has always made the premium payments and will continue to do so, why will the policy ultimately lapse? Even if the outstanding loans/interest surpasses the existing Cash Value, can't the policy owner continue to religiously make the premium payments and keep the policy in force? Thank you.
Regards,
Richard Fulco
Humble Customer Service Agent
Source of insurance-forums.net
Regards,
Richard Fulco
Humble Customer Service Agent
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