What legal actions can be taken if a life insurance policy is surrendered by the parent (policyholder) when the policy was bought for the child?

They were unaware the parent surrendered the policy and they did so after the child turned 18.

Asked on August 28, 2013 under Insurance Law, Kansas

Answers:

FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney

Answered 7 years ago | Contributor

Assuming the parent was the one payong for the insurance policy of the minor, then the parent is entitled to do whatever he or she wishes to do with the policy. Given the broad nature of the question submitted, I suggest that you consult with an attorney practicing within the area of insurance law. one can be found via attorneypages.com.


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