Judith, who used to be my dance teacher now lives in Broken Arrow, Oklahoma she called recently and we dscussed life insurance policies and one of her questions was: “Can you get back the money paid for insurance premiums?

Broken Arrow, Oklahoma is a city located in the northeastern part of the U.S. state of Oklahoma, primarily in Tulsa County with an extension into western Wagoner County.

Judith, although it will depend on the specific policies, you probably have accumulated cash value. In some cases, having cash value enables you to:

• Cancel the policy and receive the cash value as a lump sum: the surrender cash value.
• Stop paying premiums and use it to continue your current policy for a specific time.
• Withdraw part of the cash value in the form of a policy loan.

You should consult your attorney or speak to the insurance company directly.