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He’ll probably let the policy go, but at least he will have the option to keep it without proof of insurability.
So if at 61 he has a terminal illness, he’ll be glad to pay the increase premium.
Even if you're in your early 50's however, and you can still qualify for the longer terms, the next point is critically important to you.
As mentioned in the introduction, you’re at a unique age with the following special considerations.But that’s ok because this individual can let his coverage go at this point if he no longer needs it.There are no penalties for surrendering your policy at any time.After the initial term expires, the premiums tend to increase dramatically.(10-20x the original premium)That’s why we always say you should lock in your coverage for as long as you need life insurance. His premiums are guaranteed to stay level until he’s 69.