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If it is a term policy it is now worthless unless it had a return of premium rider which is higly unlikely. In some instances you can sell the policy if the face value is high enough, you are over 55 and ill of health. If it is a Whole Life or cash value insurance, why would you want to cash it in? It's paid up and worth more than you paid into it. Altho I doubt in 10 years time you have a paid up WL.
What else can I help you with?
Who are benefits of a life insurance policy paid to if the insured survives the term?
In a term policy if you outlive the term of your policy, no benefits are paid. For example, if you buy a 20 year term life insurance policy, and you are alive at the end of the policy, no death benefit is paid out. -ex
What if it is forced to be a paid up policy earlier?
there are only two ways for a policy to become "paid up" 1. it is a policy that is specificaly designed to be paid up by a certain age or date. you can infer this from the name of the policy, they are usually refered to as a "paid up at 65" or "paid up at 100" or "10 year pay" or "20 year pay" etc. Usually these automaticaly become paid up at the specified date or year and you can not contribute money to them after this point, but they of course stay in force beyond this point. 2. After a policy has been in force for a while you might get a letter or phone call saying that it can be paid up. This is a decision that you make, not the company, they just make the offer. If you are being forced to have it paid up it is most likely a policy that is designed to do so at this point. Or it is a company that has gone under and is being acquired by a new company, then the new company can make you take a paid up policy depending on the rules of the takeover.
What must be paid each year by the policy holder before the insurance policy benefits begin?
Deductible
Your mother bought a 1000.00 life insurance policy at acost of 28.00 per year that had been paid up It has been untouched What would it be worth today?
Contact them and ask.
Cash value of paid in full 20 year juvenile industrial life insurance policy?
The cash value of any policy depends on its face value and the value of the policy at maturity when the policy has been maintained in force. The insurance company issuing the policy will be able to give you the answer you want.
What is the journal entry for insurance policy was paid for a year?
debit prepaid insurancecredit cash
What is the journal entry of bought a three year insurance policy and paid in full?
[Debit] Insurance policy Asset [Credit] Cash / bank
Can you still file an insurance claim on your car 16 days after your policy was cancelled if you paid it consistently for a year?
Nope.
How many months premiums do you have to pay to make the policy paid up life insurance till 90 years preium currently 1600 30 years left on life insurance?
To make a policy paid up depends on the length and type of the policy. If the policy is coverage for a year, then you would have to pay 12 months to have it paid up. For further information, please give our more detailed information regarding the type of policy and what type of coverage you bought.
Will insurance company in Alabama pay if a person commit suicide?
All life insurance policies have a two year suicide clause. If a person commits suicide within two years of the policy application date the company may return all premiums that have been paid depending on the policy but will not pay the face amount of the policy.
How many days paid holidays a year are you entitled to if you are working 5 days a week?
It depends entirely on the policy of your company.
Will mortgage insurance payout as my husband committed suicide?
This depends upon the timing. If the insurance policy was taken out a year or more before your husband committed suicide, then the normal life insurance provisions would allow a normal claim process, and payment of the death benefit. There is usually a provision that if an insured person commits suicide within a year of taking out the policy, this is a kind of insurance fraud and the claim is not paid (although the premiums that have been paid can be refunded). I would also suggest that you read your policy and see what it actually says.
