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Do you get cash from your mother's life insurance policy when she dies or does your father get it all?
Wiki User
∙ 15y ago
The named beneficiary on the life insurance policy gets it. It is a contract and specifies who gets paid, usually it will be the spouse.
Wiki User
∙ 15y ago
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My father purchased a Life insurance policy over 40 years ago how do I calculate the cash surrender value?
You call the insurance company and ask them.
Can your father in law cash your husbands check for his mothers life insurance policy?
Legally, only if your husband endorsed the check first. Having said that, it has been known to happen [that] a local bank will cash/deposit such a check without properly scrutinizing the check, for a "regular" customer. Good luck.
How can you cash your Life Insurance policy in with Royal Neighbors of America?
I would like to cash in my insurance
How do I cash in a life insurance policy from life of Georgia?
How do i cash in a gulf life insurance police
Are cash values available on a paid-up insurance policy?
You can cash it in.
Can you sell a 20 year term life insurance policy which has no cash value?
Can you sell a 20 year term life insurance policy which has no cash value
Can your dad cash out your life insurance without your permission?
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 you transfer your cash value in an insurance policy to your investments?
no
Can the actual cash value of an extended term life policy be liquidated by the insured?
no there is no cash value in a term insurance policy
Can i borrow from a term life policy?
No. Term Life insurance does not have any cash value and expires at the end of the term, usually age 70.You can borrow against a permanent or whole life insurance policy however, but whatever amount is borrowed may reduce its cash value.
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
