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  • Term
  • Whole Life
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I've been paying $50 a month for aprox. 30 years on a Universal life policy and now that my husband is 65 I find out the policy will be defunct in 4-6 years and we will have NO life insurance! When we bought this, it was sold as a permanent $50,000 life insurance policy. I don't understand how this can even be legal. They claim it's due to the economy so the plans didn't perform the way they planned. I don't think buying life insurance at age 65 is even ... a viable option at this point. We just got taken by American Family.... More Less

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