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	<title>New answer on: How Can I Cash My Life Insurance Policy Out?</title>

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		<title>By: David Pipes</title>

		<link>https://insurancelibrary.com/life-insurance/can-cash-life-insurance-policy</link>

		<dc:creator>David Pipes</dc:creator>

		<pubDate>Thu, 27 Feb 2014 00:18:18 +0000</pubDate>

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		<description><![CDATA[There are two types of “payouts.”  Death benefits are “settled” by settlement options.  Benefits paid to living policy owners are known as “non-forfeiture provisions.”  There are similar techniques used by both.  A beneficiary and a living owner can take the benefit as a lump sum.  They can chose to take only the interest on the money, leaving the principle with the insurance company for a later date.  They can also elect one of several distribution plans that provide for a limited series of payments to lifetime income for one or more people.  Living policyholders can also elect to accept a lower face amount of coverage in a policy that requires no further premiums. They can elect to keep the same death benefit for a prescribed period of time.  Companies can have other settlement options. ]]></description>

		

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