UNVERSAL LIFE...Universal failure

Do you have or purchased a UNIVERSAL LIFE / FLEXIBLE PREMIUM ADJUSTABLE LIFE insurance policy? Have you made payments all these years and now the company sent you a letter saying your policy is about to lapse? Bet your wondering why!

The reason your policy is running out or LAPSING on you is your cost of insurance in the policy is higher than the payment your making and has been for some time now. Since you didn't pay the cost they have been taking the extra money out of your cash value and its now run dry! Meaning you have no cash value, and in 30 to 60 days NO INSURANCE!

That's not what I was told or I bought WHOLE LIFE I thought. Well you didn't and in many cases you weren't told this happens. What now?

Well you say that can't happen I bought a INDEXED UL or I bought a VARIABLE UL, no matter what you buy they all work on the same principle. So if you bought one, ask your agent to provide you with a IN FORCE ILLUSTRATION. It will show you when your policy will lapse. If you need help, call me Ron Hatch 706 527 4790

In many cases the policy and benefits can be prolonged but most can't afford to pay the additional cost and eventually looses the coverage and the money they put in!