Re: Cash Surrender Values

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Posted by Todd (66.229.159.206) on August 19, 2003 at 00:11:06:

In Reply to: Cash Surrender Values posted by Alm on August 17, 2003 at 02:02:44:

: I am going to receive a cash surrender on a policy that was under my name and bought when i was born, I was curious as to how much money I would get, and if it varies from company to company or if its a set rate?

Cash Surrender Values vary from company to company. Usually CSV don't last much longer than the first 15 years of the policy, so if it's been around since you were born and you're over the age of 15, then you might not have to worry about CSV. My suggestion is to pull out your policy and either call the company directly or talk to a qualified agent in your area. Oh and before you do anything, make sure you learn about the drawbacks of surrendering a life insurance policy!!

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Subject: Re: Re: Cash Surrender Values

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: : I am going to receive a cash surrender on a policy that was under my name and bought when i was born, I was curious as to how much money I would get, and if it varies from company to company or if its a set rate? : Cash Surrender Values vary from company to company. Usually CSV don't last much longer than the first 15 years of the policy, so if it's been around since you were born and you're over the age of 15, then you might not have to worry about CSV. My suggestion is to pull out your policy and either call the company directly or talk to a qualified agent in your area. Oh and before you do anything, make sure you learn about the drawbacks of surrendering a life insurance policy!!

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