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What is the cash surrender value of a life insurance policy?

Cash value is the amount of money that accumulates in the savings component of a permanent life insurance policy. Cash surrender value is the amount of money the policyholder gets when they terminate their policy. Cash surrender value is usually the cash value minus surrender fees.

Can I withdraw my BPI Philam life insurance?

You have the right to surrender the insurance policy at any time after the end of the prescribed lock-in period from the date of commencement of the policy. When you surrender the policy, you will receive and fully withdraw the fund value of your life protection policy.

Can I cancel my BPI life insurance?

What should I do if I want to terminate my plan? You can email us at BPIAIA.CustomerService@.com requesting for termination of coverage at least one month before the next premium payment date.

Can I pull money from my life insurance?

You can withdraw up to the amount youve paid in premiums without paying taxes on the funds. Withdrawals will reduce the death benefit. Take out a loan. A life insurance policy loan allows you to borrow money from your life insurance policy.

How do I withdraw money from ?

How do I make a withdrawal? Withdrawals can be made any time by submitting a transaction request form to . This form is available here.

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