Dangers of a lapsed life insurance policy-State Life

The dangers of a lapsed life insurance policy.Well dear visitor! Our web author is again with you.Right now he wants to discuss another very important topic related with your life insurance policy.When people buy a life insurance plan they are very enthusiastic and dedicated to protect and secure their families.But at some stage of their term they decide not to pay the premiums.This is why their policy remains no more in force and attains the status of a LAPSED POLICY.In today's post we will focus our attention on the potential dangers of a LAPSED LIFE INSURANCE POLICY.

To day our web author and life insurance analyst was smiling.I asked him the reason.He simply drew my attention towards this image.Please keep smiling and have a nice day but do not forget to mail us.We are only few clicks away from you.Thanks.
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    Email your uestions > statelifeonline@yahoo.com Never let your life insurance policy lapse.Contact us now to learn the secrets to make your life insurance policy more valuable at a very low cost.e.mail us >> statelifeonline@yahoo.com>> We are a call away from you.Call us now 92-03234969112

We have staled this many times before that your life insurance policy is a very valuable asset for you,your family and for all those who depend upon you.When you purchase a life insurance policy in fact you make a very wise decision.You are very enthusiastic to protect and secure your family.Your want to save a lot of funds for your old age.You want that your dreams should come true.However when you do not make payments of your premiums when these are due,the life insurance policy lapses.Now no more protection,no more security is available to you.Your dreams are shattered.You purchased a protection with great enthusiasm and dedication and then you lost it.You loose all the benefits particularly if your policy lapses in the in the first two years of it's terms.Once your policies lapses NO BENEFIT is payable to the beneficiaries if you you are no more in the world.

If your policy lapses you have few more potential dangers.When you will ask for a new life insurance policy you will have to declare your old lapsed policy.If you have such multiple lapsed life insurance policies the insurer may demand higher rates of premiums.In certain cases the insurer may even refuse to insure your life.

If your policy lapses and you again want to have same protection and security,you must REINSTATE it's old status.You will have to approach your insurer.look at your policy bond or insurance contract.There is usually a clause by which a lapsed insurance policy can be reinstated.if there are few conditions you will have to full full those conditions.No insurance company is happy when any life insurance policy lapses.It is a loose loose situation for every one. you loose,your family loose and life insurance company looses a lot.It is unable to deliver protection and security and looses the confidence of its policy holders.Even your reputation is at stake.you are an undesirable,unwanted client.You are a monetary risk.Such lapsed policies spoil the life insurance industry.

Today's tip>>>>>Make sure that you pay the premiums in time.Do not wait for the grace period to begin.

 Never let your life insurance policy lapse.Contact us now to learn the secrets to make your life insurance policy more valuable at a very low cost.

Jeevan Sathi | learn the secrets| Contact Us-State Life    |Images gallery

Why Life Insurance Policy Lapses-State Life

Why Life Insurance Policies Lapse? In the previous post we talked about the importance of life insurance policy in our today's busy life.We also discussed if the premiums are NOT paid well in time it attains the status of a lapsed policy.A lapsed policy is unable to protect you,your family and your loved ones.It is useless.A lapsed policy is a source of remorse and dejection for all the concerned.For you ,your insurer and for the man/woman who sold you.No one is happy at this situation.

Now in this post we will discuss why many life insurance policy lapse?

When you decide to protect and secure your loved ones and buy a life insurance plan you make a wise decision.You are very enthusiastic and sincere.Perhaps you thought many times before signing the contract.Even then soon your life insurance policy lapses.Why did you let your life insurance policy lapse?Why?
The reasons may be many.But how many are true?You will yourself see and decide that many of the reasons are baseless and can safely be termed as "lame excuses".
Few of the many reasons are:

 I forgot the last date of payment.

I do not have not enough funds.

I am unaware of the importance of life insurance.

I do not understand the  terminology of life insurance.I do not know what is a grace period?.

I was not aware of the adverse consequences of a lapsed policy.

I did not buy the right plan.

I have few other better options where i can spend my money.

 You see these are all lame excuses.Remember the golden rule

WHERE THERE IS A WILL THERE IS A WAY

Before you write your insurance policy always keep in mind that you are mentally prepared to spend your money to protect and secure your wife,kids,parents and to all those who rely on you in case you are gone.Life insurance is a long term investment plan.It is a strategy.A strategy to protect and secure your family and to have enough funds when you are old.Whenever you get your life insured adequately you enjoy peace of mind.You are a lot relaxed.You need to cheer and celebrate that you made a wise decision and ultimately wrote your insurance.policy.

Now the question is "Are you under insured"?And when next you are going to update your life insurance strategy. 

Get ready to update your

Now
 Cheers
 Email your uestions >>>  statelifeonline@yahoo.com 

Jeevan Sathi | learn the secrets| Contact Us-State Life |Images gallery

Never let your insurance policy lapse-State Life

Never let your insurance policy lapse
Well dear visitor!You all know that we have created this blog to create awareness and to let the world know how important life insurance is in our today's busy life. Today we are going to chat about very important aspect of Life Insurance.The topic of today's post is "LAPSED LIFE INSURANCE POLICY".

We suggest cost effective life insurance solutions. 

In this post we will keep our attention focused:

What is a lapsed life insurance policy?

Why Life insurance policy lapses?

The dangers of a lapsed life insurance policy.
How a lapsed life  insurance policy can be reinstated?

Importance of a in force life insurance policy.

The contract of the life insurance policy is a very very important document.You purchased a life insurance plan.No doubt you made a wise decision to financially protect and secure your loved in case you are gone.

So it is a valuable asset for you,for your family and for all those who depend upon you..However, the value of this very precious asset turns in to "ZERO"a big "ZERO"when you do NOT pay the premiums well in time particularly in the first two years of the life insurance policy.Hence if you do NOT  pay the premiums in time NO protection is available to you.So it is always in your interest to pay the premiums regularly and keep the policy in force.

What is a lapsed life insurance policy?

Do you remember that when you purchased the life insurance policy the insurer gave you a date,a last date on or before which you must pay the premiums.Always remember this date.You better note this date in your diary.If due to one reason or the other you are unable to pay the premium the insurer gives you another 30 0r 31 days to pay the premium.This is called grace period.If you do not pay the premium within this due date the policy is no more in force.It attain the status of a lapsed policy.So we see that the policy lapses when the policy holder is unable to pay the premiums within the grace period.No one is happy at this situation.A lapsed policy is a "loose loose" situation for every one concerned.

State life Insurance Corporation of Pakistan.

The tested,the trusted and the largest Life Insurance Company of Pakistan.