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Ihave just found an old insurance policy belonging to my mother who died 37 years ago how do i know if its been cashed or not?
Wiki User
∙ 16y ago
Normally a policy docment is surrendered to the insurance company to initiate payment. As all insurance companies are different, check with the insurance company whether they have paid out on it and whether they have a time limit on claims.
Wiki User
∙ 16y ago
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How can you tell if a life insurance policy has been cashed in?
Contact the company and ask them.
What is 20 Pay life policy?
This type of policy is also referred to as a limited pay life insurance policy. Life insurance premiums are paid for 20 years then the policy is paid in full and no futher payments are required. The policy remains active until it is paid out or cashed in.
How do you know if a life insurance policy has been cashed in?
You call the insurance company claims department and ask them. You would have to be the owner or the beneficiary or rightful descendent of. 4lifeguild
What are the tax consequences of a matured endowment policy?
how do you know what your tax liability is on an endowment that you cashed do the insurance compnay send 1099 at the end of the year
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).
Is there anyway you can find out if a life insurance policy has been cashed in on your mom?
No. Due to privacy laws, only your mother can get any information on her policy assuming she is the owner of the policy. The reason for these laws is that it is only her business about her policy.
How to find out if a life insurance policy was taken out and then cashed in upon their death?
How do I find out if my deseased father has a life insurance policy
How can you tell if a life insurance policy has been cashed in?
Contact the company and ask them.
Where can you cash in your policy and How does one go about cashing in the existing policy?
A life insurance policy since 1953 needs to be cashed in
Can a life insurance policy be cashed out without taking a loss?
It is possible for a life insurance policy to be cashed but there will always be a loss for doing so if one is cashing in for the full amount. For some policies it is possible to withdraw accumulated interest from the policy with limited amounts allowed.
Who can you call about an Insurance policy?
your mother
What is 20 Pay life policy?
This type of policy is also referred to as a limited pay life insurance policy. Life insurance premiums are paid for 20 years then the policy is paid in full and no futher payments are required. The policy remains active until it is paid out or cashed in.
How do you know if a life insurance policy has been cashed in?
You call the insurance company claims department and ask them. You would have to be the owner or the beneficiary or rightful descendent of. 4lifeguild
If i am insured and drive a vehicle belonging to someone that is not insured am i covered through my policy?
No. * i say Depends on your policy. Call your insurance person.
Can you drive your mother's car if you are not on her insurance policy?
yes
What are the tax consequences of a matured endowment policy?
how do you know what your tax liability is on an endowment that you cashed do the insurance compnay send 1099 at the end of the year
What is the difference between a term life insurance and an universal life insurance?
A term life insurance policy is a basic protection that covers expenses in case of an accidental death, it will sometimes cover debilitating injuries, but only briefly. A universal insurance policy covers a wider category and can sometimes be cashed in.
