- 25,010
Way to many unknowns to answer.
Is it truly Whole Life? Anniversary date - it is is the same date on the policy and what is listed on last year's annual report.
I would suggest you get together with an experienced Life Insurance agent. Start with a three way call to get the details. Including inforce illustrations and beneficiaries. They should be more qualified than the customer serve clerk or you are to understand where she is currently. Not difficult just a little time consuming.
As far as if she has been taken advantage of - if she had made one payment and died the company potentially would have paid the beneficiaries thousands. On your home and auto insurance, how much cash values have accumulated? She has an insurance policy, not an investment.
You made a wise decision reaching out to Life Insurance agents. To many times people listen to well meaning but uneducated friends.
Lee
Is it truly Whole Life? Anniversary date - it is is the same date on the policy and what is listed on last year's annual report.
I would suggest you get together with an experienced Life Insurance agent. Start with a three way call to get the details. Including inforce illustrations and beneficiaries. They should be more qualified than the customer serve clerk or you are to understand where she is currently. Not difficult just a little time consuming.
As far as if she has been taken advantage of - if she had made one payment and died the company potentially would have paid the beneficiaries thousands. On your home and auto insurance, how much cash values have accumulated? She has an insurance policy, not an investment.
You made a wise decision reaching out to Life Insurance agents. To many times people listen to well meaning but uneducated friends.
Lee