I am nearly finished with the process that one must go through in order to cancel, and cash out, a life insurance policy. After going through all the steps, and filling out the required form, I thought I was done. Then, this unexpected letter arrived from my insurance company. It seems to be a Policy Value letter. I have outlined and described the four steps that I needed to go through in order to get my insurance company to understand that I wanted to cash out my life insurance policy. In short, the first thing I had to do was … Continue reading →

My husband and I decided to cancel an old life insurance policy that I had. We no longer need it, and I now have a different life insurance policy in place that is better suited to our current needs. After making the decision to go ahead and cash out the policy, we have been going through the lengthy process that is involved when you cancel a life insurance policy. Our next step is to take a look at the form, and fill it out. It is recommended that you take the time to really think things over before cashing out, … Continue reading →