Massmutual surrender form 2025

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Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.
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Surrendering a whole life insurance policy means you are cancelling the policy. Instead of your beneficiaries receiving the death benefit, you as the policyholder will receive the cash value your whole life insurance policy has built up over time.
How do I cancel my policy? We would love the opportunity to understand why you want to cancel your policy and how we can help. To discuss alternative options or have us assist you with cancellation, please call 1-800-272-2216 or reach out to your financial professional.
At age 59 , you can make taxable withdrawals from the account called distributions for your retirement. If you choose to take distributions before you turn 59 years old, the government imposes a premature distribution penalty of 10% on your withdrawal.
When a policy is surrendered for its cash value, youll lose coverage and no longer be responsible for paying insurance premiums. You may have to pay surrender fees for canceling your coverage early, which will be deducted from any cash value your policy has or paid out of pocket if you have a term policy.
To cancel your MassMutual insurance Subscription, follow these easy steps: Call customer service on (800) 272-2216. Ask to speak with a representative. Provide them with your policy number and customer details. Request cancellation of your coverage and recurring payments.
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People also ask

Having taken the decision of buying a policy after much hard work it is not a good idea to surrender it before maturity. Surrendering your policy terminates your life insurance policy instantly. Your insurer will cancel the policy and issue you a cheque for the cash surrender value.
A surrender form for a life insurance policy simply cancels the policy. When the policy is canceled, you will receive its surrender value - the cash value (the balance in your policys cash value account) minus the surrender fees.

massmutual life insurance surrender form