by tereliye_md4u » Tue Feb 16, 2010 06:14 am
money plus policy of 50,000
3 years have already passed
how much money i am eligible for todays date
3 years have already passed
how much money i am eligible for todays date
Posted: Tue Feb 16, 2010 09:47 am Post Subject: Life insurance
On surrendering your life insurance policy, you will be eligible for cash surrender value. It is the sum of money paid by the insurance company to the policy holder on event of voluntary cancellation of policy before its maturity or before the insured condition occurs. For any other specific information, contact your insurance company.
Posted: Tue Feb 16, 2010 09:24 pm Post Subject:
As Veronica has pointed out, your best bet is to call either your agent or the insurance company and ask for the current cash surrender value of the policy. This is what you will get if you surrender the contract at this point.
If you simply want some extra money, it might be possible to withdraw money from the contract or take a loan. You'll be able to access whatever the surreder value is.
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