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Reply to "Term life insurance duration"
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[quote=Anonymous]Check the terms of your insurance. I thought I had a 20 year term policy but after my term expired my rate increased but I could still keep my policy if I just paid the higher premiums. The premiums doubled in year 21. I thought it was an ok price so I paid. Next year the premiums went up 6x so I dropped the coverage. The point is that if you change your mind after your term expires you may still be able to keep your policy. [/quote]
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