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  2. How to cancel a life insurance policy

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

    With a tax-free exchange, you surrender your life insurance policy, and instead of collecting the money and depositing it into your personal account, you roll it over into a new policy, therefore ...

  3. How to sell your life insurance policy

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

    Life expectancy. Minimum payout as % of face value (minus outstanding loans) Less than 6 months. 80%. 6 months to less than 12 months. 70%. 12 months to less than 18 months

  4. 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 ...

  5. Parents regret taking out $150K whole life insurance policy ...

    www.aol.com/finance/parents-regret-taking-150k...

    The problem with whole life insurance. Whole life policies consist of two parts: the death benefit — which is the lump sum your beneficiary receives — and cash value, which is a built-in ...

  6. Modified endowment contract - Wikipedia

    en.wikipedia.org/wiki/Modified_endowment_contract

    A modified endowment contract (MEC) is a cash value life insurance contract in the United States where the premiums paid have exceeded the amount allowed to keep the full tax treatment of a cash value life insurance policy. In a modified endowment contract, distributions of cash value are taken from taxable gains first as compared to ...

  7. Life insurance - Wikipedia

    en.wikipedia.org/wiki/Life_insurance

    Permanent life insurance is life insurance that covers the remaining lifetime of the insured. A permanent insurance policy accumulates a cash value up to its date of maturation. The owner can access the money in the cash value by withdrawing money, borrowing the cash value, or surrendering the policy and receiving the surrender value.

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