How Can You Cash Out A Life Insurance Policy?

  1. 255 POINTS
    Dave Lin
    Principal, Linwood Forest Insurance Group, Pennsylvania
    If your policy has a cash value and you want to cash it out, talk to your agent or the company.  You will need to fill out forms.  You should also check if there is any surrender charges when you cash out.  I would suggest you talk to a licensed insurance agent before making any final decision.  Cashing out a life insurance policy can have tax consequences.
    Answered on June 16, 2013
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