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Will life insurance death proceed can be withdrawn before death?

Term Life Insurance & Whole Life Insurance Discussion

Will life insurance death proceed can be withdrawn before death?

Postby fresco » Fri Aug 09, 2013 4:22 pm

It depends on the type of policy. Some life insurance yes, some no.
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Will life insurance death proceed can be withdrawn before death?

Postby calhoun47 » Fri Aug 09, 2013 4:32 pm

People who deal with this type of "insurance claim" are called vatical brokers. In effect, the beneficiary of the policy signs over their benefits to another party for which they receive a percentage of the total coverage amount. This can amount to 50% up to 75% if the policy is quite large or the death of the grantor is imminent (within a few months).
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