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 Lack of heath insurance in Georgia? |
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 Insurance question? |
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 Why can't I find out what complaints State Farm? |
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 I have a serious doubt with regard to term plan insurance. In the present scenario, 21st Century, is it worth? |
In term plan insurance, if the sum assured is 10 lakhs for 20 years, paying Rs.2500 annually as premium, then if the person is still alive after 20 years, will he receive a single penny back?
W... |
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 Is $50,000 life insurance policy enough or should I get more (more info in details)? |
| I currently have a $50,000 7-yr term for $5/mo right now. I have been thinking about getting $250,000 30-yr term policy. But I don't know if I really need it right now. I am 27 and married with ... |
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 What Insurance will cover my cousin who dosen't have insurance and has currently got into an accident .? |
| What Insurance will cover my cousin who dosen't have insurance and has currently got into an accident in the fog and drove into a 100 ft ditch and was air lifted to the hospital, and the ... |
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 Life insurance policy? |
do i need life insurance when im 20 wit no kids.
i currently have it with state farm but i didnt pay last months premium
its like no point....should i still keep it tho?... |
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 I will be 60 next month, should I purchase life insurance or an annuity? |
| I want access to my investment and I want to pass funds on to my son when I die.... |
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Dilila | I have a whole life policy for ten years how could i get out of it and get something back? |
Additional Details
ty all no i dont need the money just that iam not getting intrest
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Insurance Made Easy.biz
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Call your agent and ask for a current illustration. It will show you the cash value and the surrender value. You should be past the point where you will loose money but you can also stop payments and let the cash value buy a paid up policy. |
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Gerald
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NEVER NEVER cancel a whole life policy See Company Agent..
You never cash in a whole life policy after 10 years. You do not get much back if you cash in. Look in the policy and there is a schedule of the plan and what it would be worth after 10 years. It is a chart and have to look at it and read...
You don't need the cash -- never sell... Whole life -- means you pay till your are dead -- your whole life... Later on the policy will be worth more than the face value...
Or if there are dividends it can be converted to a paid up policy--don't have to make the payments...paid for...
I have cancer and no one will sell me a policy. Keep that in mind... Besides there should be medical payments if your sick. Contact the company agent in your town... |
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tim t
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i would jus keep the policy like good gryl said depending on your age you im sure if you cancel it now you will pay way more when your old enough to know and understand what you have now |
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Good♥Gyrl
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Second answer is most correct. The comment "but after 10 years" there won't be much money in it will totally depend on whether or not the policy is participating (i.e. paying dividends), if dividends were actually declared, and how you chose to have them paid. You could have chosen an option to have them earn money in an interest bearing account, so this would be at your disposal as well.
But true, call the company and have them run an in-force illustration and see what the cash value in the policy is.
My question you though ... why would you want to cancel a permanent policy you've had for 10 years?? Are you in need of cash? Do you have a family? I would seriously consider my individual situation before cancelling a policy. Keep in mind if you want insurance again, you start over, are 10 years older and will be paying a higher rate for life insurance based on your new mortality risk. Also, consider if you have any conditions that would make you uninsurable.
If these don't apply and you just want the cash, good luck and hope you don't get sick later and need insurance. |
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betotron don
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you will never be told this! you have enough cash value to carry the premium for 35 years...ask the company to set it up that way! |
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bud68
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Read the policy. There will be a cash surrender value table in it. After only 10 years, it probably won't be much, however. |
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mbrcatz
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YOu cancel the policy to get out of it, and get the surrender value back. |
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americanfreeman
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tis why whole life sucks...
term think term |
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