My mother is up in age and in poor health, she has several life insurance policies. She wants to know if a beneficiary needs to be changed or can her will surfice?
Can I get the answer on line, or do i HAVE to call in? Where can i GET the cash value for my policy?
policy no. 508220 is my policy still in effect
Contact the company
Check with your agent or insurance company.
When a policy has attained paid up value, it will definitely guarantee coverage as prescribed in the policy bond paper.
Visit the insurer's website and ask for 'Status' of your policy,by quoting the policy number, wherein you will find either continuity or non-existence of the related policy bond.
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, check the policy or with your agent or company on how much. Do you have the illustrations that were done when policy was issued or annually?
This answer depends upon the schedule of cash value in the policy itself. Suggest you locate the policy, read it and then talk to the company. At this point, it's even possible that the cash value equals the policy's death benefit. In other words, the cash value could be significant.
Phone the insurance company.
Cash value of a policy is the value or worth of the policy in the local currency, if surrendered immediately.
You call customer service of the insurance company and ask. But if the policy is cancelled, it is very likely there is no value to it.