When considering budgeting for Life Insurance policy, one should keep in mind all his/her monthly expenses as well as household expenditures, Minus those from your income and see
howmuch you can spare for a policy.Let not the cost of premiums you set to pay exceed your own expenses, because, if you fail to pay premiums the policy will lapse and you will lose
your coverage, different companies have different rules but generally 60 days without payment will cause the policy to lapse. All premiums paid in are lost.