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cash and carry
You Can't. When we buy home owners insurance we basically have two options for the coverage type.1. RCV, Replacement Value2. ACV, or depreciated ValueIf you purchased an RCV ( replacement ) policy then the company will pay the amount needed to either repair or replace the property within the policy limits you purchased..If you purchased an ACV (depreciated Value) policy then they will pay the amount needed to repair the property or they will pay you the depreciated cash value of the property if not repairable whichever is less and within policy limits.
Cash and Carry was a policy used in the beginning of WW2. Roosevelt did not want to get into the war because of the previous effects of WW1. Therefore, he offered to sell European countries involved (mostly the Allies) any resources they needed as long as they paid in cash, and carried them themselves as to not cause harm to America in the transport. Therefore, it was deemed the Cash and Carry policy.
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 and Carry was a policy used in the beginning of WW2. Roosevelt did not want to get into the war because of the previous effects of WW1. Therefore, he offered to sell European countries involved (mostly the Allies) any resources they needed as long as they paid in cash, and carried them themselves as to not cause harm to America in the transport. Therefore, it was deemed the Cash and Carry policy.
Cash value of a policy is the value or worth of the policy in the local currency, if surrendered immediately.
Debit Warranty Expense Credit Warranty Liability
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.
i don't know if he has a policy...how do i find out?
no there is no cash value in a term insurance policy