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re: Whole Life Insurance Lapse Rate
Posted on 1/26/14 at 9:24 pm to GoCrazyAuburn
Posted on 1/26/14 at 9:24 pm to GoCrazyAuburn
That was my question. I think something like 3% of term policies pay out
1
Posted on 1/26/14 at 9:27 pm to Janky
That wouldn't surprise me. As far as the breakdown of death benefit paid by companies, it's usually around 90-95% are whole life and 10-5% are term policies. (this is for the major companies).
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