|
A |
If you have a term
insurance policy, your policy will lapse. If you have a
permanent life insurance policy, may be you can cash out
the policy by collecting your available savings so far.
There is also another option of non-forfeiture which
enables you to stop paying your premium, but promises to
return a less death benefit. This does not give any cash
savings. For better options of tackling the problem, may
be you need to read the terms and conditions given in
the policy and then approach the customer service
division of the insurance company. |
