Paying the premium on time and in full is
what keeps the policy active.
Not exact matches
It's
what keeps your insurance
policy active (or «in force») so the insurer will pay out if, in the case of life insurance, you die.
The rate is
what I was most concerned about as well as having the option to continue to
keep the
policy active after the 30 year expiration.
What's great about their GUL
policies is that you do not have to
keep your coverage
active for 30 years before being eligible to have a portion of your premiums returned.
This is essential because the premiums are
what keep the Torrington
policy active and, by not paying them, you could suffer the cancellation of the
policy or increased costs to own it in the future.