R Hill Enterprises Inc.

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Life insurance is an asset you buy and then ignore. You pay the premium every year, assuming the policy is fairly priced, and expect the benefits to be there when needed. Unfortunately, these expectations are often incorrect. When the life insurance company admits the policy has not performed as originally projected and the premium you have been paying is insufficient to maintain the coverage to policy maturity, it is often too late or too costly to correct the problem. If the policy is allowed to lapse because no additional premiums are paid, it may result in a taxable event.