Definition of "Fully paid policy"

Renee  Moussally <br>http://reneesellsri.com/ real estate agent
Renee Moussally
http://reneesellsri.com/, Real Estate Agent
BHHS Commonwealth Real Estate

Limited pay whole life policy under which all premium payments have been made. For example, a 20 pay policy is completely paid for after 20 payments; no future premiums have to be made, and the policy remains in full force for the life of the insured.

 

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