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  2. How to cancel a life insurance policy

    www.aol.com/finance/cancel-life-insurance-policy...

    Permanent life insurance policies, such as whole life or universal life, are designed to provide lifelong coverage, with maximum coverage ages ranging from 95 to 121, and typically include a cash ...

  3. How to sell your life insurance policy

    www.aol.com/finance/sell-life-insurance-policy...

    Surrender your policy: Permanent life insurance policies with cash value can be surrendered, allowing you to receive the surrender value — the cash value minus any fees or outstanding balances ...

  4. What is cash value life insurance? - AOL

    www.aol.com/finance/cash-value-life-insurance...

    Choosing a cash value life insurance policy means deciding on coverage that is designed to last a lifetime while also allowing you to build savings within the policy. ... Surrendering a policy ...

  5. When and How to Cash Out Life Insurance - AOL

    www.aol.com/finance/cash-life-insurance...

    Life insurance is designed to provide a death benefit to your loved ones after you pass away. Certain policies can also accumulate cash value that you can tap into during your lifetime. There are ...

  6. Life settlement - Wikipedia

    en.wikipedia.org/wiki/Life_settlement

    A life settlement or viatical settlement (from Latin viaticum, something received before death) [1] is the sale of an existing life insurance policy (typically of seniors) for more than its cash surrender value, but less than its net death benefit, [2] to a third party investor. [3]

  7. Cash value - Wikipedia

    en.wikipedia.org/wiki/Cash_value

    The determination of the cash value, both the base amount and the applicable surrender charge, in the contract can be explicit by determining the value for each surrender date (guaranteed cash values), by referring to the value of specific investments or subject to the discretion of the insurance company, which is often executed to bring cash values in line with values of the investments of ...

  8. Does It Make Sense to Sell Your Life Insurance Policy?

    www.aol.com/news/2010-12-24-life-insurance...

    Before life settlements, if you owned a life insurance policy that you no longer wanted or needed, you had two choices: surrender the policy for its cash value or allow it to lapse.

  9. Universal life insurance - AOL

    www.aol.com/finance/universal-life-insurance...

    Universal life policies also have surrender charges for the first ten to sixteen years which impact liquidity. ... Deciding whether to cash out your universal life insurance policy is a ...

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