Life Insurance

What happens if your policy expires before you die?

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2014-12-13 16:06:01
2014-12-13 16:06:01

If your policy is a term insurance plan, nothing happens. The coverage ends when you stop paying and there's no further benefits. It's similar to auto insurance.

If your policy is a permanent plan with cash value, there may be income tax ramifications. If your cash in the plan grew, you may receive a form 1099 from the insurance company indicating a taxable gain. This growth in your cash value may not have been reportable income if the policy hadn't lapsed. If your policy expires before you do, there is no death benefit payable to the beneficiaries of the lapsed contract.

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Penguins "die" when your account expires.


Predecease means you die before them, which would mean they get the money as you wished. If they die before you, the secondary beneficiary gets the money. It may revert to your estate at that point if no one is named. Your policy should have the specific clauses as to what and how succession happens.


Before they die? They live, I assume.


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You no longer have insurance cover - if you happen to die then there is no payment made.


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You can but it will be really nasty :( It is possible that you might DIE.


You gotta slay them dragons before you get to the princess


You will die of thirst before starvation!


... your whole life will flash upon you . And you crap your pants.


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It duplicates right before cells die.


nothing happens its very good for your hair when you die it have you seen the way it shines!


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you will die. ive tried it before, believe me



yes they'll mutate and adapt unless they die before it happens


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Unless you get a transplant before you lose it, you will die. You cannot live without a liver.



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