Conditions are right for tornadoes, and tornadoes are possible. Remain alert: watch the sky and tune in to NOAA Weather Radio, commercial radio, or a local television station in case a warning is issued.
Term life insurance provides death benefit protection for a period of one or more years. The death benefit of the policy is paid only if the insured dies during that period. If the insured lives beyond the term period, no death benefit is paid. Typically, there are no cash values or loan values for term life insurance.
How Long And Why Do You Have To Keep Expired Insurance Policies. You don't have to keep an expired insurance policy. If the policy is no longer in force, the policy documents have no value. You should keep the policy for a few months after it expires in case you decide to reinstate the policy. Some companies will allow you to make up back premiums for 60 or 90 days to put the policy back in force.