With the limited payment policy, you pay premiums up to a certain age and after that age has been reached you:

The limited payment policy is a type of insurance plan where the policyholder is required to pay premiums for a specific duration or until a certain age, after which no further payments are necessary. Here are some key points to consider regarding how this policy functions:

1. Premium Payment Duration: Typically, premiums are paid for a set number of years or until you reach a pre-defined age, such as 65 or 70. Once this age is attained or the payment term is completed, the policyholder no longer needs to make premium payments.

2. Coverage Continuation: Even after the premium payments cease, the insurance coverage remains in force, which means that the policyholder is still entitled to the benefits outlined in the policy, such as death benefits or cash value accumulation (if applicable).

3. Potential Adjustments: Depending on the specific terms of the policy, there may be certain adjustments in the death benefit or cash value accruement post the premium payment period. Policyholders should review their policy details to understand these implications.

4. Financial Planning: Limited payment policies are often attractive for individuals seeking to plan their financial commitments, as they allow for the accrual of benefits without the need for lifetime premium payments, reducing long-term financial burdens.

In summary, a limited payment policy allows you to pay premiums only up to a certain age, after which your coverage continues without further payments, making it a strategic choice for long-term insurance planning.