i have a question about cancelling life insurance policy, maybe someone here can answer.
i have a life policy about 30 years ago , would like to cancel terminate it and get the cash value , as it is more than the policy payout . but when i inquire to surrender it , am told that i need to get the beneficiary signature as well else cant be done. problem is there is bad blood between beneficiary and me - so stuck at this . is there any way to go about this , surprise as i am the policy holder and paid for it all. so i basically have no rights as a policy holder ?

I think it should have some residual cash balance, but amount wont be more than the annual premium.

hi ExCrIpT, when policy is lapse, means there is nothing left in the policy to give back.

It doesn't work that way.

It's funny how you're trying to beat the law enacted by Bank Negara. These safe guards are meant to be bullet proof guidelines. I'll be very interested if you have ways to bypass a trustee signature other than forging the signature.