If you need a high face
amount otherwise known as a death benefit, Term life insurance will be able to purchased
at the most
reasonable premium so you can have the large face
amount you need
at an affordable
premium that will not break your budget.
Accordingly,
at new § 155.400 (g), we proposed to codify a provision related to
premium payment threshold policies that would allow additional issuer flexibility regarding when
amounts collected will be considered to satisfy the obligation to pay
amounts due, so long as issuers implement such a policy uniformly and without regard to health status, and the
premium payment threshold adopted is
reasonable.