by Guest » Thu Jun 21, 2007 12:59 pm
It was bought in 1999. I have made 8 payments of $3495. Surrender value is now $20,496. Am I guaranteed my premiums stay at $3495 for next 7 years? I plan to make next payment in July and monitor the daily value of surrender charge. Should they start dropping, I could surrender it and consider the loss as paid for life insurance. It is a $100,000 policy. I welcome all comments and opinions. jackfran(at)peoplepc.com 865-357-4827
System edited: Post edited for email id security.
System edited: Post edited for email id security.
Posted: Fri Jun 22, 2007 04:13 am Post Subject:
Hi,
Before I answer your queries, I would like to ask you two things -
#what is the total tenure of your policy? (As I guess it from your question, it is a fifteen years policy, am I right?)
#what kind of life insurance policy is that? I just need to know if it is a whole life, universal life or variable life policy.
Let me know, so that I may help you in a better way.
Juanita
Add your comment