Sentences with phrase «unintentional policy lapse»

Although insurance companies are not usually aggressive about repayment of such loans, leaving an unpaid balance could lead to negative consequences such as a lesser amount of death benefit, or even an unintentional policy lapse.

Not exact matches

The primary purpose of this provision is to prevent the unintentional lapse of your policy.

If you don't over fund these policies, there is a good chance in later years for an unintentional lapse.