How long will I need to make monthly payments (premiums) for over 50 life insurance?
To guarantee you stay insured, you’ll need to make monthly payments:
- for a maximum of 30 years, or
- until the first policy anniversary after your 90th birthday, whichever date comes first.
If you stop making payments before one of these dates, your cover will be cancelled 60 days after your last payment was due, and you won’t get any benefits for the payments you’ve already made.
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