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Can you get money back from a lapsed life insurance policy?

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βˆ™ 2009-03-17 20:55:17

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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?

2009-03-17 20:55:17
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