Does Universal Life Insurance Policy Expire?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Universal Life Insurance can expire if not set up with a lifetime "no lapse" guarantee. Not all UL policies offer this guarantee. The ones that do will allow you to pay a set premium that is guaranteed to keep your policy in effect until you die, even if you live to be over 100 years old.
    Answered on September 5, 2014
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