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Blended life insurance: 2 policies in 1

Policy remains static with blended life insurance
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Policy remains static with blended life insurance

With a permanent insurance policy, dividends are going back into the policy, which means that the amount of cash in the policy will continue to grow. With a blended life insurance policy, the dividends are being used to buy more permanent coverage, which means the payout on the policy will stay the same until the policy is completely converted to a permanent life insurance policy. That process can take years. According to Witt, if you don't need a policy that has an increasing payout then a blended policy may be a good fit.


 

 

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