Not only do you need to stop making payments on your account if you want to get a settlement, you also probably need to stop using your credit card, too. (debtsettlement.com)
Instead of allowing your account to go into default, it is actually better to ensure that you make minimum payment on the account. (myfinancekits.com)
If the policyholder expires during the premium paying years, then the child will get a lump sum payment on account of the life cover. (comparepolicy.com)