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Heres how it works Send massmutual life insurance surrender form via email, link, or fax. You can also download it, export it or print it out. Draw your signature, type it, upload its image, or use your mobile device as a signature pad. Send massmutual life insurance surrender form via email, link, or fax.
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.
While youll want to check your policy for details, most policies require you to contact your insurance company or your insurance agent. You may have to sign paperwork confirming your surrender. Once the process is in motion, you likely wont have to do much but wait for the surrender value check.
In many cases, it takes anywhere from 14 to 60 days for beneficiaries to receive a life insurance payout. But many factors impact this time frame. These include the insurance companys procedures, when the claim is filed, how long the policy was active, the cause of death, and state laws regarding insurance payouts.
The free look period differs depending on the terms of your life insurance contract or the laws in your state, but is typically between 10 and 30 days. So if during this time you change your mind about your new policy, you can terminate it knowing that your old policy is still in effect.
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The surrender period is a specified amount of time that must pass before you can surrender your policy and access its cash value. This waiting period is determined by the specific policy type and insurance company. It may be as short as a few years or as long as 15 years.
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 docHub out to your financial professional.

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