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Does anyone have a study article on the percentage of term life insurance that has paid out EXCLUDING policies which lapse, cancelled, replaced, converted, ect.
Another words, people who purchased term, kept it for the desired length of the initial term but the insured was/is still alive at the end of the term.
I'm trying to find a number/percentage but to me it is mostly skewed due to reasons stated above as to why term didn't pay out.
Another words, people who purchased term, kept it for the desired length of the initial term but the insured was/is still alive at the end of the term.
I'm trying to find a number/percentage but to me it is mostly skewed due to reasons stated above as to why term didn't pay out.