Legal Question in Insurance Law in Missouri
I have a life insurance policy with franklin now American General that i have paid $20,000. + into over the past years, they tell me the cash value is only $5,700. is there any way to get more of my money back from this ploicy with out having to die first, only asking because of an extended lay off and im about ready to lose my home.
Thanks, Mike
Asked on 10/28/10, 6:43 am
1 Answer from Attorneys
Michael R. Nack
Michael R. Nack, Attorney at Law
You may be able to take out a loan with the insurance company for more than the cash surrender value.
Answered on 11/02/10, 7:54 pm
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