Too many life insurance policies are being dropped prematurely

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2 Responses

  1. Vanessa says:

    Are there over 50% of policies paying their premiums by monthly?
    In general, high lapse rate is easy occurring to monthly payments.

    • Mayank says:

      So true life insurance premiums must be annualy payable and the persistence rate would be higher if they deduct it directly from account just like Netflix!

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