Are Cash Value Insurance Polices Convertible To Term Life Insurance? I Want To Get Rid Of My Whole Life Insura
Posted June 15, 2009 – 6:36 pm in: term life insuranceYou cannot convert whole life into term, but you can convert term into cash value. Why? If you convert cash value into term, you have to do something with that cash value. More likely you will have to surrender your whole life and pay penalties on it. You should do a 1035 exchange on your [...]
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