$2,000
in the uk penny policy to this date is worth about £7000
George Bailey has a life insurance policy worth $5,000.
50,000
Usually - as much as it was agreed upon at the time when the insurance was bought. When we buy an insurance policy, a maturity value is usually mentioned in the policy document. So, in all probabilities your insurance policy is worth as much as mentioned in the document. Also, since it has been 17 years since the policy was taken, it is possible that the policy has expired or lapsed. In that case, the policy is worthless today.
How can you find out the worth of an old policy?
The average life insurance policy is worth around 250,000 dollars to the survivor. Many people have policies that pay out even higher.
need to find out how much my life insurance policy is worth
It is worth whatever the net surrender cash value is, which is cash value minus the surrender charge.
To find out how much an insurance policy is worth, you can review the policy documents, which typically outline the coverage limits and any cash value associated with the policy. Additionally, you can contact your insurance provider for a detailed statement or valuation. For life insurance policies, you may also request a cash value statement if it's a permanent policy. Finally, consider consulting with a financial advisor for a comprehensive evaluation.
I need to know how much the policy is worth and also to change the beneficiary. I am Mary Molewski a retired employee from Fieldcrest Cannon.
$500 death benefit. If it was a dividend paying policy it is probably worth more. Call and ask the company. Silly that we thought $500 was enough insurance 20 years ago. 4lifeguild
Cash value of a policy is the value or worth of the policy in the local currency, if surrendered immediately.