As policyholders age, they must be vigilant about paying premiums.

A lapse in payment can be a disaster for an older policyholder, resulting in denial of reinstatement, higher premiums, and required doctor visits that could uncover new health issues that could impact the policy.

Issues with with whole-life insurance and universal life policies

It is important to know everything about your premiums as you get older

Do not take out loans against your policy!