Earlier this year, I decided to cash out my life insurance policy. This is something that takes a bit of time to accomplish. It is not something one should do on a whim, or without a well thought out reason. Today, I am happy to announce that the cash out check has finally arrived. I consider this to be a great success. This process started out with a phone call to the insurance company that I had this particular life insurance policy with. To summarize, I will simply say that it took more than one phone call before I was … Continue reading →

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 →