Answers: Not at all. Your premiums go to pay for insurance individual. With whole duration you may have to verbs about rates only if the amount within savings exceeds what you compensated in as premium. After around fifteen years, what the company guarantees finally exceeds what you have put contained by as premium. Now, if you cancel the policy and they transport money to you, any part of that money that EXCEEDS the total amount of premium is taxable. As long as the money is smaller quantity than the premiums, there is no taxable event.
No. No - you simply walk away.
No, as long as the insured have not died and whether or not the premiums were deduct as insurances expenses can be ignored unless audited. CWW No. The individual thing that could occur is if you want to keep that police after the possession level premium expire, your premium will increase more than double.
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