$10,00 Insurance policy....can I bread It(Mystery)?
Hi!
I Just turned 18 on July 23 & my mom died back in 2001 & she moved out me an $10,000 insurance policy(all the premiums have been paid), and my grandmother have it locked away & its a whole bunch of papers & stuff. My question is can I brass & get the $10,000 or will I just procure some of it & if so how much. I need a car..soo desperate...lol
If the amount isn't no where near $10,000 or so small that in attendance is no benefit...could I get a cash finance or a loan or something off of the policy? I have Reliable Life Insurance & I live contained by St.Louis, MO
Answers:
are you the beneficiary? you should call the ins. co.and see if they can help. possibly dispatch you a copy of policy. just keep surrounded by mind most ins. companys and ins. agents are snakes.thats why i got out of the business.
For a moment I thought you meant that the policy be on the life of your mom with you as the beneficiary. In that skin you would need to
provide a death qualification and fill in a claim form ...
I guess you mean that it is on your life? And you are wondering how much money you can obtain from the plan? That depends on several factors. You may only enjoy a few hundred dollars in the plan if it is just a few years behind the times. If you are the owner of the policy you have the right to contact Reliable Life directly to get the answer.
If your grandmother is the owner it is up to her. You hold no right to it. Given your age your grandmother is likely the owner and you will have to discuss this near her.
Getting $$ out of the policy will likely require a loan. Or possibly a complete cancellation of the policy. You'll hold to ask yourself if this is the best way to get at the money required for a saloon. Is that the best use of this policy?
I hope that helps a bit. No one other than Reliable Life can share you exactly what the policy is worth ...
Good luck Source(s): contact Reliable Life here: http://www.reliablelifeinsurance.com/Eng…
Related Questions:
I Just turned 18 on July 23 & my mom died back in 2001 & she moved out me an $10,000 insurance policy(all the premiums have been paid), and my grandmother have it locked away & its a whole bunch of papers & stuff. My question is can I brass & get the $10,000 or will I just procure some of it & if so how much. I need a car..soo desperate...lol
If the amount isn't no where near $10,000 or so small that in attendance is no benefit...could I get a cash finance or a loan or something off of the policy? I have Reliable Life Insurance & I live contained by St.Louis, MO
Answers:
are you the beneficiary? you should call the ins. co.and see if they can help. possibly dispatch you a copy of policy. just keep surrounded by mind most ins. companys and ins. agents are snakes.thats why i got out of the business.
For a moment I thought you meant that the policy be on the life of your mom with you as the beneficiary. In that skin you would need to
provide a death qualification and fill in a claim form ...
I guess you mean that it is on your life? And you are wondering how much money you can obtain from the plan? That depends on several factors. You may only enjoy a few hundred dollars in the plan if it is just a few years behind the times. If you are the owner of the policy you have the right to contact Reliable Life directly to get the answer.
If your grandmother is the owner it is up to her. You hold no right to it. Given your age your grandmother is likely the owner and you will have to discuss this near her.
Getting $$ out of the policy will likely require a loan. Or possibly a complete cancellation of the policy. You'll hold to ask yourself if this is the best way to get at the money required for a saloon. Is that the best use of this policy?
I hope that helps a bit. No one other than Reliable Life can share you exactly what the policy is worth ...
Good luck Source(s): contact Reliable Life here: http://www.reliablelifeinsurance.com/Eng…
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