When Can You Cash In A Life Insurance Policy?

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   David RacichPRO

   Fountain Hills, Arizona

   Anytime you want. If you do, then your coverage is terminated upon surrender of the policy. What cash values remain will depend on surrender charges, how long you've been paying and the performance of the policy. Keep in mind that any policy gains will be treated as an ordinary income tax event at your effective tax bracket.
    

   Answered on June 3, 2013

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