scorecardresearchLife insurance: What happens if you stop paying premiums

Life insurance: What happens if you stop paying premiums

Updated: 02 Oct 2022, 10:25 AM IST
TL;DR.
If you stop paying your premiums, it could lead to a lapse in coverage, an increase in rates, or even an outright cancellation. Read further to know more
Premium is the sum of money you pay to your life insurance provider in return for protection.

Premium is the sum of money you pay to your life insurance provider in return for protection.