March 6th, 2010 | 
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brutal s asked:
i am wanting to cash in a 14year life insurance policy. the amount is $50,000. what is the formula for a cash out, in other words how much will i receive?
Zachary Wygand
i am wanting to cash in a 14year life insurance policy. the amount is $50,000. what is the formula for a cash out, in other words how much will i receive?
Zachary Wygand
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If it is true term insurance then you would get nothing. Term insurance is temporary coverage that builds no cash value so you get nothing when it ends. If it is another type of policy there might be something available to you, but I don’t have enough information to help you.
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