Limited payment policies, also known as 'vanishing premium policies' are arranged so that you only make premium payments over a given period of time. After that period of regular payments, the policy is fully paid. Your limited payment policy earn interest over time. Expect your limited payments to be higher than conventional life insurance premiums because you'll pay the policy off much more quickly. You should discuss with your insurance agent what premium and payment options are best for you. Consult an insurance agent in your area for more information about limited payment policies.
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