How is your policy worded? I would think it is not a term life policy?So, I've had VGLI for decades.
But, the premium goes up as you age, and it's getting a bit pricey.
So, I was wonder what happens if I cancel?
Some insurance policies have a cash value that you get.
But I don't think VGLI looks like that.
I think, if I cancel, I don't get anything.
Anyone know?
Well, I'm having a hard time finding anything specific.How is your policy worded? I would think it is not a term life policy?
There is no cash value. It only pays when you die. Here is the VA link.So, I've had VGLI for decades.
But, the premium goes up as you age, and it's getting a bit pricey.
So, I was wonder what happens if I cancel?
Some insurance policies have a cash value that you get.
But I don't think VGLI looks like that.
I think, if I cancel, I don't get anything.
Anyone know?
Mine just almost doubled.Even with the increase in price, it's still a good deal.
I raised mine.