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Showing posts with label life insurance policy. Show all posts
Showing posts with label life insurance policy. Show all posts
7/21/18
How to unlock the money placed in his life insurance policy?
By Ould Mahamed Ammar8:17 AMdeath of the insured, life insurance, life insurance contract, life insurance policy
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Money placed in life insurance contracts is not as secure as one might think. There are 4 ways to dispose of your savings: total buyback, partial withdrawal, advance and pledge.
Total surrender of his life insurance policy
The total purchase must be included in the terms and conditions of a life insurance policy. It puts a definitive end to the contract. Only
the subscriber may request it at any time during the term of the
contract (except in the case of acceptance and except in certain cases)
and he receives the value acquired under management. This value, if it is increased by capital gains, is taxable. A contract bought back can not be reopened.
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