My husbands life insurance policy lapsed due to non payment

[tigrl86]

@easternpresent Yes it does, but buying guarantee life insurance is not worth it unless you are really old, I don’t how old is OP’s Husband but they are more lenient with simplified life insurance is worth it to give a shot. Unless Op wants to buy a bunch of 25k life insurance that round about 100k in total (totally inconvenient)

 

[easternpresent]

@tigrl86 What do you mean more lenient?

Any of my carriers would immediately flag this prospect and either decline or make them go through full underwriting.

That many conditions will definitely be flagged by the automated underwriting tools.

 

[jeshurun1111]

@derpytia Did the policy gave any kind of disability waiver of premium rider on it? If so, you may have been eligible to have premiums waived since 2017 and they may be willing to activate it retroactively.

 

[derpytia]

@jeshurun1111 Wouldn’t that be wonderful? But it was a Term Life Policy, I honestly don’t know, but I thought Term was a bare bones policy?

 

[jeshurun1111]

@derpytia Term policies can absolutely have various additional riders on them. Call the company and ask.

 

[derpytia]

@jeshurun1111 Will do.

 

[christianmormon]

@derpytia Always buy whole life or permanent life unless your in late 50s and up then buy term as you have most likely 20-40 years to live

 

[rvin]

@derpytia Is he in Missouri?

 

[derpytia]

@rvin Indiana

 

[rvin]

@derpytia Anyone from Missouri that's struggling and needs life insurance, please message me and I can refer you to a great person