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You owe 50000 you can surrender the cash value of your life insurance. This may result in federal and state income taxes where applicable.
Check with your agent or insurance company.
50000
Endorse the check & send it to your Mortgage company. They will decide how much you get from it.
Hdo i find out what my policy is worth-cash in
You owe 50000 you can surrender the cash value of your life insurance. This may result in federal and state income taxes where applicable.
If it is a valid check, then yes.
debit cash 50000credit capital 50000
Check with your agent or insurance company.
I did! Take it to the bank. If they cash it, good! If not too bad. The worst they can do is say no!!
You don't have to wait 24 hours to cash your claim check from the insurance company. Now if you got the check through an intermediary such as an attorney, then you would need to ask the attorney why you have to wait.
Not for us
I would cash the check and make payments to them directly.
50000
it is a scam. They want you to cash a check, then send them the tax on your larger winnings. guess what... the check will bounce. My nephew got sent this check, luckily he did not cash the check.
[Debit] Bank Account 50000 [Credit]Cash Account 50000 Bank account as well as cash accounts are involved in this transaction.
yes. as it is given as an insurance claim it can be used for the repairing purpose of your damaged shop.