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2012-03-09 15:00:37
2012-03-09 15:00:37

Check with your agent or insurance company.

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Related Questions


Can I get the answer on line, or do i HAVE to call in? Where can i GET the cash value for my policy?


Cash value of a policy is the value or worth of the policy in the local currency, if surrendered immediately.



It depends on the policy. Read the paperwork to find out the cash value of the policy at various points in the term. Early on the policies are worth very little. As they near maturity, they have greater value. Again, it depends on how the policy is written.


If your policy has a cash value associated with it you can get money for surrendering the policy. Term Life has no cash value, but a whole life or universal life policy may have a cash value in it. That depends on what type of policy it is, how long it has been in force, and assuming the payments have been made.


Typically it is called "Net Cash Surrender Value". This is the amount of cash value in the policy accumulation account minus any outstanding loans etc. But it is typically referred to as "Net surrender Value" or "Net Cash Surrender Value". Get a good agent and he can explain.


There is generally not a special form used for a life insurance policy issued to a physician. That said, if you are concerned with the cash surrender value, a whole life insurance policy (rather than a term life insurance policy) is implicated. The cash surrender value changes (usually increases) as the policy matures. The amount of the cash surrender value is shown on a schedule on the declarations page of the policy. The declarations page is one of the first pages of the policy which identifies the insured, the policy number, the amount of policy benefits and other information.


Cash value is a savings element of whole life insurance. It is independent of the benefit amount and its growth is based on how much you have paid into the policy. You can access this money in the form of a loan while still keeping the policy, or if you were to cancel the policy you would receive a check for the cash value. If you would like to know how much cash value is in your policy you can call your ins. company or check the "schedule page" of your policy where there is usually a breakdown of how cash value will accumulate over time (depending on the type of policy). It usually takes several years for cash value to begin accumulating on an average adult policy.


The cash value of something is the value before taxes. Net or Netto cash value is after taxes.


You call the life insurance company and get the present cash value out of the policy. The policy will then be divested.


It means you want to cancel the policy. If there is cash value in the policy, surrender charges will be deducted from the cash value and you will get the remaining balance.


A life insurance policy may have cash value if it is a "whole life insurance policy". This is a kind of life insurance, distinguished from "term" life insurance, that accumulates cash value for the period that it is in force and premiums are paid. Each premium paid goes to pay the cost of "indemnity" (the death benefit), the administrative costs incurred by the insurer, with all or a portion of the remainder going into the cash value. The cash value element of the policy is SOMEWHAT like a savings account within the policy. It grows slowly at first but faster as the policy matures. When a sufficient amount of cash value has accumulated, policy loans from the cash value are usually allowed per the terms of the policy. The loans bear interest at a rate provided for by the policy. Term life insurance does not accumulate cash value.


The cash value of any policy depends on its face value and the value of the policy at maturity when the policy has been maintained in force. The insurance company issuing the policy will be able to give you the answer you want.


If you have an old life insurance policy can you cash it in for cash value


If you have a permanent type of policy such as whole life or universal life there may be some cash value to recover.If it is a term insurance policy there is no cash value so there is nothing to "cash out".


If the policy has additional cash value, an additional loan is usally permitted, up to a certain % of the total cash value.


It s during any eventuality of the policy holder during the tenure of the term policy that question of claim settlement arises, that is true to whole life policy as well. So, finding out cash value for such policies is not realistic one.


It usually talks about the cash value or surrender value of a permanent policy. It could also reflect the death benefit of any policy.


I doubt that there's any cash value to the policy. Call the company and ask, or read the policy. The value is in the payments if G-d forbid you were to get cancer.


Yes, if your life insurance policy has accumulated cash value. Not all life insurance policies will accumulate cash value: for example, term life insurance policies will not accumulate any cash value. Whole Life and Universal life policies can accumulate cash value and the policy owner can take loans in the limit of the cash value (some companies limit loans to 70 - 80% of the cash value).


Can you sell a 20 year term life insurance policy which has no cash value


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.


The value accrued at the time of surrender of the policy is called cash surrender value of the policy. Generally, before completion of three year period, no life policy can be surredered and hence question of cash surrender values does not arise.


Pays out to beneficiary-just the value of coverage not cash value if sold.


the insurance company pays the insured the cash value that has accumulated in the policy.............



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