2007-02-03 08:51:56 · 7 answers · asked by matt 1 in Business & Finance ➔ Insurance
It all depends on what the policy says...some end when he turns 18, some continue, and some must be converted into other types of life insurance.
2007-02-03 08:55:56 · answer #1 · answered by Anonymous · 0⤊ 0⤋
God forbid something were to ensue to you yet in case you died and your toddlers were nevertheless minors the the business business enterprise who has your existence coverage coverage, 401K, etc ought to set up a have self belief account that they can get admission to on the age of 18
2016-11-02 05:51:06 · answer #2 · answered by ? 4 · 0⤊ 0⤋
Depends on the policy.
2007-02-03 08:56:16 · answer #3 · answered by Tom 4 · 0⤊ 0⤋
Nothing changes. The policy owner is still the policy owner, and still has to pay the premiums.
2007-02-03 09:27:49 · answer #4 · answered by Anonymous 7 · 0⤊ 0⤋
usually it can be continued with the 18 yo signature, ect. give the insurance company a call to see what needs to be done
2007-02-03 08:55:53 · answer #5 · answered by irish eyes 5 · 0⤊ 0⤋
it depends on how you set it up. ownership could go to the minor or you can continue ownership.
2007-02-03 14:16:22 · answer #6 · answered by Anonymous · 0⤊ 0⤋
you should ask whoever had it taking out ,it might go towards school
2007-02-03 08:55:40 · answer #7 · answered by masie 2 · 0⤊ 0⤋