i don't know if he has a policy...how do i find out?
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.
Yes as long as he is the owner of the policy...he can do whatever he wishes.
If he is showing as the beneficiary on your policy - yes. You can call the insurance company or your agent to change the beneficiary.
Contact the company and check. If you have the policy, check to see if it was whole life or term. A term policy would definitely have no cash value; but another type of policy might.
the policy is a 500 hundred dollar policy was taken out on me in 1970 im 50 years old now what do i need to do to cash my policy
Can I get the answer on line, or do i HAVE to call in? Where can i GET the cash value for my policy?
Cash value of a policy is the value or worth of the policy in the local currency, if surrendered immediately.
cash-and-carry policy
If your policy has a cash value associated with it you can get money for surrendering the policy. Term Life has no cash value, but a whole life or universal life policy may have a cash value in it. That depends on what type of policy it is, how long it has been in force, and assuming the payments have been made.
my husband has a policy with legal and general he has been paying it since 1998 it is a buy out plan he does not contribute to this policy it was unfrozen from a works pension he does get £200 ever 3 months but would like to enjoy the money,he was mis-sold and they put £8,000 into another top up policy he is 70years old in April can he cash this policy in or as normal are there clauses?
no there is no cash value in a term insurance policy
You can cash it in.