About 25 % of policyholders lapse their policies in the first 3 years, and this number jumps to 40 % after 10 years. (trustedchoice.com)
About 25 % of policyholders lapse their policies in the first 3 years, and this number jumps to 40 % after 10 years. (trustedchoice.com)
Another important factor in determining your insurance premium is the insurer's assumption of how much revenue will be generated by customers that lapse their policy before a claim is paid. (slaw.ca)