What happens to the cash value in a whole life policy upon policy cancellation? If you surrender a whole life insurance policy, you’re entitled to the policy’s surrender value. This is your ...

Don't let your life insurance policy become a dead asset. Explore life settlements, a little-known option to turn your unwanted coverage into a substantial cash payout. You may be surprised to ...

After taking ownership, the charity may opt to surrender the policy for its cash value. (Life insurance companies often allow a policy owner to “surrender” their policy — in other words ...

Cash value is a unique feature of permanent life insurance policies that allows ... if you do not repay the loan and your policy lapses or surrender it, you may have to pay taxes on the loan ...

There's also the "surrender charge" that may be levied ... The heavy fees involved with cash-value life insurance can really drag down your returns. Especially when you consider that index mutual ...

Shriram Life Insurance CEO discusses impact of new surrender value norms on industry, profitability, and growth strategies for future.

Clients can donate both permanent life insurance (including whole life and universal life) and term life insurance to charity, but the donation options differ.

Life insurance has been an important part of American society for years, with over $3 trillion in death benefits owned by individuals over the age of 65 alone. But what happens when the original ...

Amy Danise is the managing editor for the insurance section at Forbes Advisor, which encompasses auto, home, renters, life, pet, travel, health and small business insurance. She is a highly ...