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== == * Whole Life Insurance policies lapse due to non-payment. Usually there is a provision that is called the Automatic Premium Loan that takes money out of the cash value to pay premiums if you stop. This is safety becasue most people do not conciously stop paying especialy when there is a cash value. Your policy lapsed which means you cash value is empty, sorry, no money for you.

== == * Was it term or whole (permanent) life insurance? Do you have a copy of the policy? Was there cash value in it? Did you get statements showing the amount of cash value?

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โˆ™ 2009-03-17 20:55:17
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Q: Can you get money back from a lapsed life insurance policy?
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Related questions

How do you get money back from lapsed life insurance met life?

how do you get money back from life insurance met


Can you receive your money back on life policy that was cancelled for non pay?

You cannot receive money back on your life insurance policy because you used it for the period of time it was valid. You cannot receive money back on this policy.


How long does it take to cancel your life insurance policy?

I have a whole life insurance policy, how long does it take to cancel it, also can I get money back from it.


Under what conditions will an insurance company will issue life policy?

Lapsed policies can be re-instated if there have been no negative changes in your health or insurability status and if you pay back any money owed and past due premiums. If you owe to much or if your health has changed, you will need to look into a new policy.


Can you out live a life insurance policy?

Yes, you can out live your Insurance Policy. When the amount of the premium paid equals the face amount of the policy (the death benefit), the policy matures and you get all your money back.


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.


Can you drawn funds from life insurance policy with United Investors Insurance Company?

If the policy that you have with United Investors is a whole life policy and has accumulated cash value then you can take a policy loan against it. And then you would pay that money back plus interest which is basically like paying yourself back. Or you can cash in the life insurance policy and take the cash value with you


I have a question about auto insurance Would the policy holder get their money back be reimbursed if they added 1 person to their insurance policy and then took them off right away?

No, the person will not be reimbursed for taking someone off their insurance immediately.


How much money will you get back from life insurance if your spouse died after 30 years of marriage?

This depends on the policy. The best thing to do is to call the life insurance agent to ask about the specific policy in question.


What causes your insurance rates to be low?

If you choose Term Insurance Policy for you, your premia is bound to be low compared with the premias of Endowment, money back policies.


If you cancel a home insurance policy is there any money to be paid back to you?

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If you had a NYS Life and Health insurance license and it lapsed how do you get it back?

Check out your States department of insurance found on line. I imagine you would have to sit for the exam again.

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