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2. Turn Your Life Insurance Into Cash - AOL

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

   Surrender: You can surrender your policy to your insurance company at any time and withdraw the total cash value of your life insurance. However, you may have to pay steep surrender fees of as ...

3. What is cash value life insurance? - AOL

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

   You can make a partial withdrawal from the cash value of some policies, like universal life insurance. However, keep in mind: Withdrawals are permanent, meaning you can’t pay the amount back ...

4. 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 ...

5. 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 ...

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. Internal Revenue Code section 79 - Wikipedia

   en.wikipedia.org/wiki/Internal_Revenue_Code...

   Insurance cash values may provide tax-free income as long as the policy is kept in force and withdrawals do not exceed the cost basis; A section 79 plan may be used for the following applications Group life insurance benefits; Deductible insurance to fund estate planning needs of the business owner

8. Can I convert my term life insurance to whole life insurance?

   www.aol.com/finance/convert-term-life-insurance...

   Cash value with a purpose: Whole life insurance builds cash value over time, giving you a financial cushion. Need to cover an emergency, fund a big expense or even boost your retirement income?

9. Is Borrowing Cash from Life Insurance a Good Idea? - AOL

   www.aol.com/borrowing-cash-life-insurance-good...

   So, if your policy is for $50,000 but you only have $5,000 in cash value, that’s what you can borrow. Even then, some insurance companies might limit it so you won’t be able to do the full $5,000.