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.
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.
Video of the Day
Find the policy number on your insurance policy. You will need to provide this policy number to the representative when you call.
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.
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.
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.