by bamadnt » Tue Nov 16, 2010 03:33 pm
My grandfather purchased a State Farm single premium life policy for me in 1986 ( I was 14 ) and then took money out of it for my education and a car. He died in 2005. I have not removed any money from this account and have directed any gains to go against the loan. I have been notified that the policy will lapse. What should I do?
Posted: Thu Nov 18, 2010 09:15 am Post Subject:
The gains are probably falling short of repaying the loan.
Is it possible for you to get in touch with the agent? He'd probably be the best person to guide you.
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