Can I Cash In A Life Insurance Policy?

  1. 12689 POINTS
    Ted Ratliff
    Owner, SFS Associates,
    If the policy is a Whole Life or Universal Life that has cash value in it then the answer is yes, you can cash the policy in for the accrued surrender value.  You can also take a loan on the policy which is a better option in most cases.  Remember it is not always to your advantage to surrender a life policy.
    Answered on June 7, 2013
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