Skylor
Well-Known Member
Thats not quite the same thing, thats cashing in your policy.Depends on the policy but yes mine has a small option like that I would get the amount I paid in which really isn't much.
I have a 18 year old son though and my policy goes 50% to him and 50% to ex if I move I will change it all to him and she can screw off lol.
There used to be these companies that would kind of buy your policy from you if you made them the full beneficially. They gave you more then the cash value but not close to the face value, like 30--40% of it.
Since you have a son thou, I would not mess around with that. They won't give you close to what it be worth later on.