When To Cash Out Whole Life Insurance?

  1. 4330 POINTS
    Jerry Vanderzanden, CLU, ChFC
    Co-Founder, Coastal Financial Partners Group, California
    The policy owner can choose to end life insurance coverage at any time if he/she does not need it for does not wish to continue to pay premiums. If it is term, the coverage ends and premiums stop. If it is permanent, coverage ends, premiums stop and any cash surrender value is paid to the policy owner.
    Answered on May 20, 2013
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