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Can you cash in your policy?

Updated: 9/17/2023
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Wiki User

14y ago

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Yes, if you have a policy with cash value. Term policies have no cash value. Permanent policies designed to develop cash value probably have no value if they are newer than 3 years old. Contact the insurance company for a surrender value. Also ask what other options you have (loans, stop premiums, etc).

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14y ago
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