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

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		<title>By: Jim Winkler</title>

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

		<dc:creator>Jim Winkler</dc:creator>

		<pubDate>Thu, 10 Apr 2014 23:12:44 +0000</pubDate>

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		<description><![CDATA[I&#039;d contact your agent first - his name and number will be on your policy somewhere, and then look at a couple of things - how much is the surrender value? What if anything, will it cost me to surrender it? and will there be tax consequences if I surrender it? I&#039;d also want to know your reason for surrendering the policy - if it is a problem with making payments, you may be able to reduce the coverage and then premiums to be affordable again; if it&#039;s for some quick cash, maybe a policy loan is an idea to consider, and if it is to close it out and reinvest that cash somewhere else, then that&#039;s something I&#039;d look at closely also. I hope that helps, if you&#039;d like more details, contact me, I&#039;d be happy to go over this in more depth with you! Great question, thanks for asking!]]></description>

		

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		<title>By: Jason Goldenzweig</title>

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

		<dc:creator>Jason Goldenzweig</dc:creator>

		<pubDate>Thu, 10 Apr 2014 14:45:50 +0000</pubDate>

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		<description><![CDATA[There is generally a form for the policyowner to complete to cash out a policy.  Your agent or the carrier (generally a representative in the policyholders&#039; department) can send you this form. The exact requirements may vary by company.

Before cashing out a policy, you want to find out whether or not there are any remaining surrender charges left on the policy.

Cashing out a policy may not always be the best course of action - talk to your agent before taking any actions to make sure cashing out the policy is the best option for you.]]></description>

		

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