Do you get money back if you cancel a life insurance policy 2024?
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Works at the International Atomic Energy Agency, Lives in Vienna, Austria.
Cash value is money in a life insurance that you can take out and spend while you are alive. Only permanent policies offer cash value. If you have a term policy, it doesn't have any cash value. You can cancel a term policy whenever you want, but you won't get any money back.
2023-05-07 12:07:46
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Mia Thompson
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Cash value is money in a life insurance that you can take out and spend while you are alive. Only permanent policies offer cash value. If you have a term policy, it doesn't have any cash value. You can cancel a term policy whenever you want, but you won't get any money back.