What Happens When You Lapse Your Life Insurance Policy

In today's BetterWealth episode, I am joined by Dominic Rufran as we talk about the AND Asset and get into the nitty gritty of what happens when lapsing your policy. The policy is a contract between the company and the owner, both people are contracted to uphold specific requirements. Listen as we talk about the details of ways you can have your policy lapse, the tax implications, premium payment deadlines, and other options you have regarding your policy. It is extremely important in the end to really understand the value of life insurance and the long term benefits of your policy. 

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