I am a senior in need, how do I get cash from my whole life insurance policy
Q) I am a senior in need, how do I get cash from my whole life insurance policy
A) You can get cash from you whole life insurance policy through Withdrawals, Loans, Surrender or a Life Settlement.
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In difficult economic times many seniors are finding themselves in need of getting more cash just to meet daily living expenses or an unplanned financial emergency.
Level Benefit Whole Life Policy Quote Examples
Not having the needed cash available in their savings account many are now turning to their life insurance policy as a means of accessing needed cash. There are some drawbacks to pulling cash form your life insurance policy. Such as a reduction in the death benefit to be paid to the beneficiary of the policy. Be sure to fully evaluate the effect on your life insurance policy before withdrawing from the cash value.