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Can the owner of the policy get the cash value for a paid up life insurance for graduate studies?
Manangrose
The owner can do anything he wants. Careful though, taking a loan or withdrawal from a cash value policy my jeopordize the well being of the policy.
Wiki User
∙ 15y ago
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Does an owner of a life insurance policy have to be the payer?
No, the owner of a life insurance policy does not have to be the payer. Pretty much anyone can be the payer.
What is the cash value in an insurance policy mean?
The cash value is the amount of money your insurance policy is worth to the owner of the policy if the insurance is cancelled and the policy terminated. The insurance company will mail a check to the to the policy owner upon policy termination or cancellation by request of the owner. I would strongly encourage you to consult a professional in your area before cancelling an existing policy. There may be other options and alternatives to access the value of the policy without cancelling the insurance policy.
Who is the owner og a life insurance policy?
The owners name is listed on the life insurance application unless it was changed at some point. Any change was also mailed to the policy owner and should be added to the policy. Only the owner can make changes to the policy.
Can you cancel a life insurance policy your ex wife has on you?
It depends on who is the owner of the policy. The policy owner has complete control of the policy once issued. If you are the owner you can cancel it or just change the beneficiary if you want. If she is the owner forget it. You have no say so on the policy.
Can the owner of a life insurance policy cash it in if he is not the beneficiary?
Yes
What is contingent owner on life insurance policy?
The new owner of a life insurance policy if the original owner dies before the insured.
If a life insurance policy owner dies what happens to the policy?
if the owner of a life insurance policy dies and the policy is on her son. What happens to the ppolicy and is it part of the estate.
Does an owner of a life insurance policy have to be the payer?
No, the owner of a life insurance policy does not have to be the payer. Pretty much anyone can be the payer.
Can a beneficary sign the policy over to someone else insurance policy?
No, only the OWNER of the insurance policy can sign the policy over. Sometimes the owner is the insured, but not always.
What is the person that buys the insurance policy called?
The person that buys the insurance policy is referred to as the policy owner. This person is the only one that can make changes to the policy or cancel it. However, there may be more than one policy owner for the same insurance policy.
What is the cash value in an insurance policy mean?
The cash value is the amount of money your insurance policy is worth to the owner of the policy if the insurance is cancelled and the policy terminated. The insurance company will mail a check to the to the policy owner upon policy termination or cancellation by request of the owner. I would strongly encourage you to consult a professional in your area before cancelling an existing policy. There may be other options and alternatives to access the value of the policy without cancelling the insurance policy.
How can I cancel joint life insurance when one party doesn't consent?
This will depend on some factors. Who is the policy-owner? The policy-owner is the only person who can cancel the insurance policy,
Who pays when driver is not the car owner but has car insurance?
Usually the insurance policy of the owner of the car is primary and then if the driver of the car has a policy of their own then it is secondary.
What benefits does the owner have in a PNO policy?
what does PNO stand for on an insurance policy
Does insurance company have to tell you if you are named in insurance policy?
They can only give that kind of information to the owner of the policy
Does a currently in force life insurance policy become void if the owner of the life insurance policy dies?
No.
Why does a non-owner operator insurance policy only kick in after owner's policy?
This is the terms of the contract for this type of policy. It is a secondary coverage policy and there for it will pick up after the vehicle owner's insurance policy pays first. You need to read your policy or look at the terms before you purchase it if this is not what you want.
