Posted by Speaking Out on August 4, 2011, 4:25 pm, in reply to "To the elderly."
What was their reason or explanation for not paying off the policy? I know most of the policies have a 2 year clause. You most hold the policy for a minimum of 2 years before it will pay.
If the covered person should pass away before the 2 years has passed, they usually refund the premiums already paid minus a processing fee.