Do You get the Cash Value and Death Benefit? | Life Insurance
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- Опубліковано 14 жов 2024
- Will my beneficiary get the cash value AND the death benefit from my policy when I die?
Important Takeaways:
Cash value in whole life insurance means something completely different than cash value in universal life insurance
Whole life insurance lasts longer than universal life insurance
If you need to:
Update beneficiary(s) on your life insurance
Get a review of your life insurance, or
Purchase a new life insurance policy
Contact our office: 702-660-7000. We can help you.
Can you make a video of Northwestern Mutual company and give an overview about them thanks
What happens if the cash value is more than the death benefit. What would the heirs get death benefit or the cash value?
The cash value in whole life insurance would not be higher than the death benefit because the cash value amount is derived from the death benefit. Cash value in whole life insurance is the portion of death benefit that is "paid up" (think, paid off). In whole life insurance the heirs get the death benefit amount only. Thanks for asking.
There's actually people talking in the background during the video. That alone would make me look elsewhere. I wonder what else they overlook.
My insurance company told me not to pay too much over the insurance premium because it’s either or on a 100k iul that was originally a 500k convertible term policy.
Sir, you really never answered the question directly. Do the family get the cash value and the face amount upon the insured death or do they get one or the other. It doesnt matter which one is greater do they still get the money from both sides protection and savings????
yes he did, he was very clear.
@@pmurphy12667 Maybe I missed it. So does the insured family members get both the death benefit and their cash value upon their death with an honored claim
No you do not get both Just the death benefit ! the cash goes back to company
@@moniquechestnut9570 exactly scam at its finest .
Your family ONLY gets the death benefit. The insurance company KEEPS the cash value. It's a scam.
If the person die ánd they dont have some one near to claim they body what can the famaly do
Wow! I just received 25,000 USD for the death benefits of my parents that died on January.
Sorry for your loss
I was notified that there was a life insurance policy for my father who died in 2004. I don’t know for how much. It’s from NY. I remember as a child my mother giving me some money as a child and saying it was a “Dividend”. I wonder what type of policy that was