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	<title>New answer on: How To Cash In A Whole Life Insurance Policy?</title>

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		<title>By: David Pipes</title>

		<link>https://insurancelibrary.com/life-insurance/how-to-cash-in-a-whole-life-insurance-policy</link>

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

		<pubDate>Mon, 28 Apr 2014 20:15:17 +0000</pubDate>

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		<description><![CDATA[The cash value of a whole life policy is guaranteed.  Most companies require an application to surrender a policy.  In community property states, the rights of a spouse must be considered.  Once that is settled the company will quickly send you a check for the surrender value, minus unpaid loans, and over-due premiums   the policy will be void as soon as you cash the check! ]]></description>

		

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		<title>By: Jerry Vanderzanden, CLU, ChFC</title>

		<link>https://insurancelibrary.com/life-insurance/how-to-cash-in-a-whole-life-insurance-policy</link>

		<dc:creator>Jerry Vanderzanden, CLU, ChFC</dc:creator>

		<pubDate>Wed, 01 May 2013 04:10:20 +0000</pubDate>

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		<description><![CDATA[The policy-owner can either contact the agent or the insurance company directly to request the company&#039;s surrender forms. At the same time, request a policy value quote to ensure there will be no surprises when you receive the payment. 

Not all whole life policies have surrender charges but, if so, and if the policy is still in the surrender period, the cash value will be reduced by a surrender charge (charge for early penalty).  The cash value may be further reduced by any outstanding policy loan.  If the cash value does not exceed the cumulative premiums paid into the contract, there shouldn&#039;t be any taxable issues. ]]></description>

		

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