How Is Life Insurance An Asset?

  1. 4330 POINTS
    Jerry Vanderzanden, CLU, ChFC
    Co-Founder, Coastal Financial Partners Group, California
    Cash surrender value of the policy is the asset value of a life insurance contract. As property, life insurance has value and is liquid. If the policy owner decides to "cash in" the policy, the insurance company will pay the cash surrender value to the owner within a week or two.
    Answered on May 4, 2013
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