Legal Question in Insurance Law in Virginia
Life Insurance
My father purchased a life insurance policy for me when I was a minor for $50,000 coverage. 25 years later he cashed it in. Can he legally do this?
Asked on 11/04/08, 7:49 pm
2 Answers from Attorneys
Cary Moseley
Law Office of Cary Powell Moseley, PLLC
Re: Life Insurance
If he was the owner or beneficiary and you were only the insured.
Answered on 11/04/08, 9:33 pm
Michael Hendrickson
Law Office Michael E. Hendrickson
Re: Life Insurance
Who was paying the premiums on the policy during this 25 years? (This is the person who is entitled to "cash it in".)
Answered on 11/04/08, 10:49 pm
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