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life insurance cash values?

i have gerber life insurance; the cash value one. im not sure my father just singed it over to me. there is a cash value on it and i could REALLY use the money. how do i surrender or cancle the account and get the money? do i call them or have to bring the policy to somewhere i have no idea what to do

Public Comments

1. Gerber will give you apx 40% of the paid-in money of the policy in cash. Or they will loan you 40% of the face value of the policy as a loan at 6% interest. If you choose the loan, the policy stays in effect.
2. I don't know where the first answerer is getting his percentages, but cash and loan values of a life insurance policy are not based on percentages of the face value. Cash and loan values accumulate over time, and the amounts depend on how long the policy has been in force. There should be a non-forfeiture value scale in the policy. You can determine by that what the cash value amount is. If not, you can call the company for more information. If your father has not made you the owner of the policy, you have no authorization to request information or withdraw funds from it.
3. If you are the owner you can just call them on the phone and tell them that you want to surrender the policy for the cash value. They will walk you through any further steps they require after that.