While the primary purpose of life insurance is to provide a death benefit to those you leave behind, some life insurance policies have a cash-out value as well. If you have a whole life policy through Globe Life, you might be able to cash that policy in and receive some money.
Step 1
Review a copy of the life insurance policy and check the terms and conditions. Not every Globe Life policy is eligible for cash-out. If you have a term life policy, for example, you have a death benefit only, with no cash value. If you have a whole life policy you might be able to cash it out.
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Step 2
Find the policy number on your insurance policy. You will need to provide this policy number to the representative when you call.
Step 3
Call Globe Life at 972-540-6542. Representatives are available from 8:00 a.m. to 4:30 p.m. Central Standard Time, Monday through Friday.
Step 4
Give the representative your policy number and verify that the policy is eligible for cash-out. The representative can give you the value of the policy if you cash it out.
Step 5
Let the representative know you wish to cash out the policy. Verify your name and mailing address so Globe Life can send you the proceeds of your life insurance policy.
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