Steps
- Ask about switching between monthly, quarterly, or annual billing.
- Set up automatic payments to avoid missing a due date and risking a lapse.
- If the premium is too high, ask whether reducing coverage lowers it.
- For permanent policies, ask whether cash value can cover a premium temporarily.
- Never let a policy lapse without first asking an agent about your options.
Need help with this? Speak with a licensed agent for a free, no-obligation review of your life insurance policy.
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