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	<title>New answer on: Is There A Way To Assign A Portion Of My Life Insurance Policy For Cash?</title>

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		<title>By: Peggy Mace</title>

		<link>https://insurancelibrary.com/life-insurance/way-assign-portion-life-insurance-policy-cash</link>

		<dc:creator>Peggy Mace</dc:creator>

		<pubDate>Thu, 10 Nov 2016 15:26:24 +0000</pubDate>

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		<description><![CDATA[Due to your poor health, you may be able to sell your policy as a life settlement. This would eliminate your daughter as the beneficiary, however. To my knowledge, investors that would buy your policy would want to purchase the whole thing, and not a $50,000 chunk.]]></description>

		

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		<title>By: Ronald Hinch</title>

		<link>https://insurancelibrary.com/life-insurance/way-assign-portion-life-insurance-policy-cash</link>

		<dc:creator>Ronald Hinch</dc:creator>

		<pubDate>Wed, 01 Jun 2016 19:01:18 +0000</pubDate>

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		<description><![CDATA[No, life insurance proceeds cannot be assigned for cash.  In the event that death of a policy holder occurs the named beneficiary will receive the death proceeds unless their is an colateral assignment to someone else or some other entity such as a bank or financial institution.  This happens when possibly when a loan must be paid back for business.]]></description>

		

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		<title>By: Larry Gilmore</title>

		<link>https://insurancelibrary.com/life-insurance/way-assign-portion-life-insurance-policy-cash</link>

		<dc:creator>Larry Gilmore</dc:creator>

		<pubDate>Sat, 06 Feb 2016 07:13:41 +0000</pubDate>

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		<description><![CDATA[Can I assign a portion of my death benefit to cash?  Generally no. A life insurance policy has a stated beneficiary or goes to your estate. It is hard to figure what you want cash for? is it to pay something off? to gift?  You can directly state such things in your beneficiary declaration. Basically the proceeds need to be assigned to someone or some thing (charity) or the proceeds are included in probate and distributed that way.]]></description>

		

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		<title>By: Matt Benore</title>

		<link>https://insurancelibrary.com/life-insurance/way-assign-portion-life-insurance-policy-cash</link>

		<dc:creator>Matt Benore</dc:creator>

		<pubDate>Tue, 12 Jan 2016 19:26:14 +0000</pubDate>

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		<description><![CDATA[Good Day to you.
There is no way to assign a portion of your benefit based on what you have provided however you might qualify for a life settlement.  Life Settlements is basically selling your policy to get some cash.  What happens if you qualify, is the owner and beneficiary would change.  Upon death, the benefit would go to the new beneficiary/owner.

I hope this helps.  If you want more information, please reach out to me.

Matt]]></description>

		

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		<title>By: Jason Goldenzweig</title>

		<link>https://insurancelibrary.com/life-insurance/way-assign-portion-life-insurance-policy-cash</link>

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

		<pubDate>Mon, 11 Jan 2016 23:40:14 +0000</pubDate>

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		<description><![CDATA[Life insurance proceeds cannot be paid to cash.  A designated beneficiary must be assigned to receive the proceeds.  In the instances where a beneficiary predeceases the insured and there are no contingent beneficiaries assigned/remaining, then the proceeds would be paid to the insured&#039;s estate (assuming a trust is not involved - which i imagine is the case if your policy is provided via a federal employee program) - the proceeds must then go through the probate process and distribution would be handled by the courts.

A beneficiary of a life insurance policy must have an insurable interest to the insured person - this includes persons, businesses, and other types of organizations.

What is the reason for wanting to assign $50,000 of the $286,000 coverage amount to cash and not to your son or another person/entity?]]></description>

		

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