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If the husband is the nominee of the wife's life policy,and in case of later's eventuality, he can claim the insurance proceeds and the Insurance Co. is legally bound to pay to the nominated husband.
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∙ 10y ago
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Can a husband cash in a wifes life insurance if she is still alive?
Yes as long as he is the owner of the policy...he can do whatever he wishes.
Can your ex husband cash in on a life insurance policy on you after 35 years?
If he is showing as the beneficiary on your policy - yes. You can call the insurance company or your agent to change the beneficiary.
Can you cash in your policy on your husband?
i don't know if he has a policy...how do i find out?
How can you cash your Life Insurance policy in with Royal Neighbors of America?
I would like to cash in my insurance
How do I cash in a life insurance policy from life of Georgia?
How do i cash in a gulf life insurance police
Are cash values available on a paid-up insurance policy?
You can cash it in.
Can you sell a 20 year term life insurance policy which has no cash value?
Can you sell a 20 year term life insurance policy which has no cash value
Can your dad cash out your life insurance without your permission?
Your dad can withdraw the cash value of your life insurance policy if he is the policy owner of your policy. If you have obtained adulthood, you dad cannot withdraw the cash value of your life insurance policy without your consent. If you are minor life assured, your dad as proposer can draw cash value on maturity,provided you will not be adult then.
Can you transfer your cash value in an insurance policy to your investments?
no
Can the actual cash value of an extended term life policy be liquidated by the insured?
no there is no cash value in a term insurance policy
Can i borrow from a term life policy?
No. Term Life insurance does not have any cash value and expires at the end of the term, usually age 70.You can borrow against a permanent or whole life insurance policy however, but whatever amount is borrowed may reduce its cash value.
If you cash in a life insurance policy do you have to pay taxes on it?
"Insurance and Taxes. No. All proceeds or withdrawals from any insurance policy are not taxable." This is not true. If you cancel a life insurance policy, the growth on the cash value IS TAXABLE. If you do not surrender your policy, the money is taken as a loan and therefore not taxable, but interest that has to be paid back to the insurance company grows.
