Cashing Out Life Insurance Is A Process

Cashing out a life insurance policy is not something that should be done on a whim. Once you do it, that policy is gone, forever. Therefore, it’s wise to do some serious thinking about why you want to cash out that policy. My husband and I have been working towards cashing out an old life insurance policy of mine. Today, we moved onto the next step in the process. Yesterday, my husband and I called the insurance company that I have an old life insurance policy with. I guess I was expecting that all I would need to do would … Continue reading

Reasons To Cash Out My Life Insurance Policy

After much consideration, my husband and I have decided to cash out one of my life insurance policies. In the past year, we each got new life insurance policies that fit our needs much better than the one that I had from before he and I were married. Today, I took the first step towards cashing out that policy. There are many reasons why we want to cash out this particular life insurance policy. The face value of the old policy is one twenty-fifth the value of the new policy. If I die, the new policy will pay off whatever … Continue reading