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    If you have a life insurance policy and pay it off ...What happens to the policy then?

    0  Views: 692 Answers: 1 Posted: 14 years ago

    1 Answer

    If a policy has matured the document becomes worthless. If you have simply stopped paying, the policy becomes 'paid up' in which case you can re-start premium payments or leave the policy until it matures. Best to see an insurance agent to check this.



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