Should Seniors Allow Life Insurance to Lapse to Save Money?
Financial

Should Seniors Allow Life Insurance to Lapse to Save Money?

by Jeriann Ireland  •  December 06, 2016
Studies have shown that over a quarter of seniors let their life insurance lapse. Sometimes this is because of financial reasons. Some people intentionally let their insurance lapse because they don’t think they need it anymore. Insurance needs can decrease as we age and as our loved ones become financially dependent, but it’s important that you review life insurance options with the person in your care and make sure their needs are being met.
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