Actually very, very few term policies pay out, but in almost all cases payments have stopped being made. I had a term policy I paid on for 25 years, I let it lapse which was the smart thing to do. No longer had young kids. Very common. I knew the odds; I was betting on my good health.
If I had died, you can bet it would have been collected on or at least escheated to the state.
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Because the Good Life is Just a Pump or Two Away
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