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Saving Advice
Saving Advice
Lifestyle
Teri Monroe

6 Life Insurance Loopholes Seniors Should Understand

understanding life insurance policy
Image Source: Shutterstock

Life insurance is supposed to provide peace of mind—but the fine print can sometimes say otherwise. Many seniors assume their policy will pay out exactly as expected, only to find hidden rules or clauses that reduce benefits or delay payments. Understanding these loopholes early helps protect your loved ones and ensures the policy you’ve paid into for decades delivers when it matters most.

1. The Two-Year Contestability Period Can Void Payouts

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