When Should You Cash Out A Whole Life Insurance Policy?

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    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    If a whole life policy is not required any longer, you might consider surrendering the policy for the cash value.  Your insured will not be able to secure coverage at an advanced age for the same premium that is currently being paid.  Review the options available before selecting cash as other payouts might be better for tax planning and more suitable for the owner.
    Answered on August 21, 2014
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