Limited Pay Life
Limited Pay life, where you buy a WHOLE life policy, but only make payments for a certain period of time. Essentially you pay the premium off faster. For instance, a guy at 40 buys a Limited Pay Whole life policy. He wants permanent coverage, but he wants to pay it off while he is working, and doesn’t want to have to pay it when he is 60 and retired. So he gets the policy and pays for 20 years, but the policy will go for the whole rest of his life, he is covered till age 100. We would call that a 20 pay life policy.
Recommended: Gold
The GOLD Course is ALWAYS the recommended class series for all students as it teaches the material in more depth. Over 30 hours of the most in depth classes with a more intensive teaching of the topic. Learn more about L&H GOLD
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