2006-10-26 11:04:27 · 6 answers · asked by James W 1 in Business & Finance ➔ Investing
Depending on the circumstances you should be able to cash in most life insurance policies if the person who is insured has a terminal illness. Back a while ago peole would go around and buy the policies of people who were about to die at less than face value (viatical agreement) i belive that this was banned however lots of insurance companies will allow you to access some or all of the death benefit if the persona has cancer and is gonna die soon anyway.
2006-10-28 14:57:42 · answer #1 · answered by Tacereus 4 · 0⤊ 0⤋
You can cash the policy in
You just will not live to see the cash
That is why it is called LIFE insurance
2006-10-26 11:12:09 · answer #2 · answered by Wicked 7 · 0⤊ 0⤋
If you have term life you can't but if you have a whole life policy you can. Term life is much cheaper becasue it has no inherent cash value if you are living!!
2006-10-26 11:10:22 · answer #3 · answered by Wannabe007 2 · 0⤊ 0⤋
In alot of situations you can. Just live to be 100 when it endows.
2006-10-26 11:06:37 · answer #4 · answered by Anonymous · 0⤊ 0⤋
You can't,but your family can after you die.
2006-10-26 11:12:57 · answer #5 · answered by George K 6 · 0⤊ 0⤋
you can if you believe in reincarnation
2006-10-26 11:11:53 · answer #6 · answered by Anonymous · 0⤊ 0⤋