Your dad can withdraw the cash value of your life insurance policy if he is the policy owner of your policy. If you have obtained adulthood, you dad cannot withdraw the cash value of your life insurance policy without your consent. If you are minor life assured, your dad as proposer can draw cash value on maturity,provided you will not be adult then.
can the grand mom and her son take a life insurance policy out on me and his children without my {legal wife} permission
In a word, NO! Is there insurable interest?
How do i cash in a gulf life insurance police
Not all insurance policies have cash value. Term life has no cash value. Whole life does have cash value. You will have to talk to your insurance company and tell them what you want. If you have a whole life policy with cash value, then withdrawing that cash is essentially like taking money out of a bank account; very simple.
no she does not
Life insurance a/c......... Dr to cash a/c
What can you do if someone put insurance on you without your permission? I I have so many people that want me dead and someone told me to check to see if maybe they have a life insurance policy on me. who do I contact to see.
Do you have an "Insurable Interest?" Like Child Support or Alimony?
Yes, a spouse can cash out their own life insurance policy in most cases. There may be some restrictions within the initial policy so this is an individual case basis.
I would like to cash in my insurance
One can get cash back life insurance through various life insurance providers such as Farmers Insurance, Metlife, AAA Life Insurance or State Farm. Look in your local yellow pages for more information.
Cash value of whole life insurance is referred to as the "Cash Surrender Value". The cash surrender value is money the policyholder is supposed to receive from the insurance company when surrendering the whole life insurance policy with cash value. The cash surrender value amount due is the sum of the cash value stated in the whole life insurance policy minus any surrender charge and any outstanding loans and interest due on the loans.