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You have found an old policy of your late uncles and would like to know if it has any value?
Wiki User
∙ 12y ago
Liverpool and Victoria friendly society of 16-10-50
Wiki User
∙ 12y ago
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What is your uncles daughter to you?
your uncles daughter would be your cousin
How is your uncles daughter related to you?
Your uncles daughter would be your cousin.
What relation to you is your uncles daughter?
your uncles daughter would be your cousin
Did Artemis have any uncles?
Chiron, Bythos, Aphros would be uncles by Kronos and Philyra; by Kronos and Rhea her uncles are Poseidon and Hades, both brothers of Zeus are her uncles; on her mother's side she did not have uncles.
What would your 2500 life policy by worth if you got it in 1952?
If the policy was a term life insurance policy and presuming that you paid all premiums and the policy did not lapse for non-payment, it would be considered to be "fully paid-up". Therefore, upon the insured's death, the insurance company would be obliged to pay the face value of the policy. If the policy was a "whole life insurance policy", cash value would probably have accumulated so it may have more value ($2500 plus the accumulated cash value). A definitive answer cannot be given without reviewing the policy.
What is cash value for a policy?
Cash value is a savings element of whole life insurance. It is independent of the benefit amount and its growth is based on how much you have paid into the policy. You can access this money in the form of a loan while still keeping the policy, or if you were to cancel the policy you would receive a check for the cash value. If you would like to know how much cash value is in your policy you can call your ins. company or check the "schedule page" of your policy where there is usually a breakdown of how cash value will accumulate over time (depending on the type of policy). It usually takes several years for cash value to begin accumulating on an average adult policy.
If you borrow on the loan value of a whole life policy but never pay it back does the face value of the policy decrease?
If you take out a loan against the cash value of a policy and never pay it back, the full loan value PLUS interest would be deducted from the benefit if it were to pay out.
How much would alife and accident policy from empire life bought in 1950 cash value be?
It depends on what type of insurance policy it is. If it is a term product, there would probably be no cash value. If it were a whole life policy, it probably has a cash value, but the amount would depend on who the insured was and the face value, what the cost of insurance was (as underwritten at time of issue), whether the premiums provided for an accumulating cash value, and whether it was a Participating policy (PAR or non-PAR), which may have accumulated dividends. Given the policy was issued in the 1950's, it's probably not a Universal Life/investment type policy, unless it's been converted over to one.
What is the cash value in an insurance policy mean?
The cash value is the amount of money your insurance policy is worth to the owner of the policy if the insurance is cancelled and the policy terminated. The insurance company will mail a check to the to the policy owner upon policy termination or cancellation by request of the owner. I would strongly encourage you to consult a professional in your area before cancelling an existing policy. There may be other options and alternatives to access the value of the policy without cancelling the insurance policy.
Can you take out a loan on a life insurance policy?
That depends on the life insurance policy. The policy must be one that builds cash value before a loan can be taken. Simply, if the policy is a 'term life policy' it lasts for a defined period - 10 years, 20 years, etc. - and charges a low premium. It doesn't build cash value you can borrow against. 'Whole life policies', on the other hand, have a part of the premium paid set aside for cash value. For this reason, the amount of premium charged for a whole life policy will be higher than the premium charged for a term life policy with the same face value. NOTE: A loan is taken against the cash value of a policy, not the face value ( death benefit ). So if the face value is $10,000 and the cash value is $3,000, the loan would be taken against the $3,000.
What is an uncle's nephew related to the uncles great grandchild?
not to be complicated , but if you have an uncle--> he has a nephew--> as you can see that's not complicated . And if you ask what is a uncles NEPHEW related to an uncles grandfather. in what way ....i would say the nephew is is the great gandfathers great grandson.
Can you drawn funds from life insurance policy with United Investors Insurance Company?
If the policy that you have with United Investors is a whole life policy and has accumulated cash value then you can take a policy loan against it. And then you would pay that money back plus interest which is basically like paying yourself back. Or you can cash in the life insurance policy and take the cash value with you
