1. 12689 POINTS
    Ted RatliffPRO
    Owner, SFS Associates,
    This is the amount of insurance that if you stopped making premium payments today and elected to take a paid up policy, you would have that amount of insurance for the rest of your life.  A 20 pay life policy would be paid up in 20 years with no premium due after that time while the insurance is still in force.  A whole life policy can have a reduced paid up option after enough cash value has accumulated in the policy to provide a paid up policy.  This table can be found in your policy.  A good agent can help review your policy with you to help you understand your non-forfiture options
    Answered on June 12, 2013
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