 My insurance company cancelled my policy because i sent a payment in late. Can they reinstall it if i pay? |
| I sent the payment in late for the third time and it never went through. I I got a cancellation letter in the mail within 3 weeks of the last payment that was due.... |
|
 What Kind of insurance can you cash in? and when can you cash it in? |
Additional Details
so if you have $100,000 policy...when u cash it out you get the $100,000 - fees and what not..... |
|
 What type of insurance company buys your mortgage and lets you stay and rent? |
| a person is terminally ill and can't pay his mortgage payments. he has equity and will sell to company at price owed. upon his death the insurance company owns the deed.... |
|
 Can you add your significant other to your Health insurance or your unborn child if you are not married? |
| Say you are not married, Have lived together and are expecting a child, she has no income and you are supporting her totally, since you can claim her on your income taxes can you claim her and the ... |
|
 $40K Lost, should I file an insurance claim? |
| Last night (3) of my plumbing trucks were broken into and over $40k worth of tool and material were stole on the trucks. I have liability insurance and auto insurance, should I file a claim over this.... |
|
 Can't get insured, help!? |
| This is a follow up post to a previous question. I own a home and I am going to run an assisted living business out of it. (I don't live in this home). I have tried numerous insurance agencies ... |
|
 How can I find a very reasonable individual health insurance plan? |
| I care for my grandchildren and make very little, I am 60 and want to find a very low reasonable health insurance. Is this possible?... |
|
 Life insurance question.? |
Can anyone please tell me approximately how much the monthly payments would be on a policy for a 47 year old male , non smoker , average health. for £100.000 ?
Thankyou in advance ... |
|
 Need surgery and don't have the money. What can I do? |
| I just found out that I need to have surgery to remove a very large ovarian cyst. The estimated amount for the surgery including hospital charges, doctor fees, and anesthesiologist fees is $12,000. ... |
|
| In order to be covered by the same insurance your parents have, do you have to live in the same house? |
I'm looking to move out in January, and I need to know if I can still be covered. I've looked at my university's insurance plan, and it doesn't cover dental or vision.
This ... |
|
 I insured my credit cards and now I am unable to work and they refuse to honor the Agreement in the insurance? |
| First of all this is personal but I don't know where else to turn to Long story short is I served over sea's and came back a little Different. I spoke to doctors in 2004 and they told me to ... |
|
 How would i find out about COBRA insurance? |
I just asked a question in different sections of YA and some mentioned I can still keep my current insurace coverage through COBRA.
1) what is COBRA?
2) How do i go about getting it?... |
|
 Home owner's Insurance? |
| If you have a not at fault claim and the other person has insurance will the deductible be reimbursed?... |
|
| How does insurance work? I may pay $33 a month for auto. But how the heck do they pay me $12000 if i wreck it? |
| and what of homes. $40 a month but they can dish out $100,000 if it burns? No way everyones premiums can handle those claims?... |
|
 I'm pregnant, insurance question? |
| Last year I was in college, so I was still able to have insurance through my parents. I found out a few weeks ago I was pregnant. I'm not going back until I have the baby. I still have insurance ... |
|
|  |
revelry83 | If I cancelled a life insurance policy I have been paying into for 7 years would I get money back? |
|
 |
 
aaron p
 |
You will receive the "cash surrender value" of the policy, what ever that is. This could mean you get something back whether it is term or permanent, but it will depend on your policy. It may be $0 for all any of us know. |
|
solomon
|
Depends! What kind of policy?? How long you had it,and if it built cash value.. Usually term insurance , gives you high insurance amounts, but no cash value.. When you drop it, its over and you get nothing.. You received the coverage for the term you had it..If on the other hand , whatever kind of life insurance you had , built a cash value,, then you would get money back on whatever "cash value" has accrued during the seven years you have held it.. If your policy is 'whole life', then you got a winner.. Because all whole life policies build cash value... Key word here is "cash value.. One thing else ,there ARE policies which state when you open them,, after a prescribed time, like 5,10,15years, you get all your money back,, if you go the distance.. But usually those are accidental death policies..Hope this helps!! SOLOMON |
|
jonesy634
 |
Just like everyone else has said, if it is a whole life policy... IF there is a surrender value on it, you will get that back. Don't expect it to be much after only seven years...
If it's a term, you will get nothing back.
Why do so many people expect to get their money back if they wish to cancel their life insurance policies? Even on term policies. Their argument is "Well, I didn't die and no benefit was paid out, shouldn't I get my money back?" Um... no! That is how a life insurance company makes money in order to pay out death benefits. Insurance is a GAMBLE. |
|
amust2407
|
If it's a term policy...no.
If it's a whole life, universal life, or variable life.....yes......but you won't get ALL of your money back. On these policies, part of your premium goes toward the actual life insurance and part of it goes in as an investment. You will only get the investment part plus interest earned(which was probably only4%-5%...barely enough to keep pace with inflation). |
|
Mark S
|
If this is any type of whole life- yes. You will get the surrender value listed in your policy as stated for year seven. |
|
wiseghy
|
Answer: If it is a term plan; No.
If it is a Whole Life or cash value plan; Yes. |
|
debt free
 |
With Term Insurance it works just like your home and auto insurance. You don't get anything back on that do you? Unfortunately, if you had cash value which is more expensive and not recommended. You will get cash back, but you will also probably have a surrender charge for doing this. When I have worked with clients that came to me with cash value in the past I have been able to get around that charge from their old agent. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
7 | 20 minutes(s) ago
| | | |
7 | 44 minutes(s) ago
| | | |
7 | 2 hour(s) ago
| | | |
6 | 6 hour(s) ago
| | | |
7 | 7 hour(s) ago
| | | |
7 | 11 hour(s) ago
| | | |
7 | 1 day(s) ago
| | | |
6 | 3 day(s) ago
| | | |
7 | 2 week(s) ago
| | | |
7 | 2 month(s) ago
| |
|
Homepage 
Financial
Forum 
Insurance 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
