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talk to the insurance agent who originally assisted you with the policy. If that person is not available, find a local agent by visiting www.nahu.org
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∙ 14y ago
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Are cash values available on a paid-up insurance policy?
You can cash it in.
Can a paid up insurance policy be cashed?
Yes, if there is a cash value in the policy is can be surrendered for that cash. BUT, it is paid up. Why would you cash it in ? It does not cost you anything from this point going forward to be morally responsible. Perhaps a policy loan may be the option.
Paid up cash surrender value of life ins policy?
What about it?
What happens to my paidup additional life insurance if I cash in my policy?
The paid up life would have it's extra cash value too, so if you cashed it in for the cash value, there would be no more paid up life either.
Does the life policy have to be paid up or have cash value to assign as collateral?
Not nec. You could assign ownership.
Are cash values available on a paid-up insurance policy?
You can cash it in.
Can a paid up insurance policy be cashed?
Yes, if there is a cash value in the policy is can be surrendered for that cash. BUT, it is paid up. Why would you cash it in ? It does not cost you anything from this point going forward to be morally responsible. Perhaps a policy loan may be the option.
Paid up cash surrender value of life ins policy?
What about it?
What happens to my paidup additional life insurance if I cash in my policy?
The paid up life would have it's extra cash value too, so if you cashed it in for the cash value, there would be no more paid up life either.
Does the life policy have to be paid up or have cash value to assign as collateral?
Not nec. You could assign ownership.
Is cashed in paid up life insurance policy taxed?
A taxable consequence may occur if the cash surrender value exceeds the cost basis (i.e. the premiums paid into the policy).
Can the owner of the policy get the cash value for a paid up life insurance for graduate studies?
The owner can do anything he wants. Careful though, taking a loan or withdrawal from a cash value policy my jeopordize the well being of the policy.
How much is a fully paid up policy worth?
It is worth whatever the net surrender cash value is, which is cash value minus the surrender charge.
How can you cash in a policy written by State Capital Life Insurance Co?
I need to check on the State Capital Life Insurance paid up policy?
Does the State of MD require a form to be signed if you want to cash in a paid up policy brought for grandchildren over 40 years ago?
The insurance company will require a surrender form to cash in the policy.
A 10 year policy has been paid up. Can it be redeemed?
If it is a term policy it is now worthless unless it had a return of premium rider which is higly unlikely. In some instances you can sell the policy if the face value is high enough, you are over 55 and ill of health. If it is a Whole Life or cash value insurance, why would you want to cash it in? It's paid up and worth more than you paid into it. Altho I doubt in 10 years time you have a paid up WL.
If you take reduced paid up insurance is their a taxable gain?
No - only if you "cash out" the policy. Then you would owe taxes on the gain.
