Life insurance cash value may be collected by terminating the policy.

Question

Quizplus · Accepted Answer

Yes, life insurance cash value can be collected by terminating the policy. This is because the cash value is the amount of money that has accumulated in the policy over time, and if the policy is terminated, the owner can receive the cash value as a payout. However, it is important to note that terminating the policy may also result in the loss of the death benefit, which is the main purpose of life insurance.

Life Insurance Cash Value May Be Collected by Terminating the Policy