Does Whole Life Insurance Have Surrender Charges?
21750 POINTSview profileJim WinklerCEO/Owner, Winkler Financial Group, Houston, TexasThat is a great question! While there will normally be some form of surrender fee applied to your policy, unless it is a universal life, or indexed UL policy it is not the often large hit that comes when you surrender an annuity product. If you do not have a copy of your policy to look at, then just call your agent, they can tell you the amount of the charge, and the amount that will be surrendered to you. Thanks for asking!Answered on September 27, 2014flag this answer
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