40yrs ago I took out 5- $1000.00 intact life span "20yr pay" insurance policies. What is the most money can I grasp..?
today from these policies combined? I literally had fogot about them. They be all paid up within 20yrs, and they have kept them for 20 extra yrs a total of 40+ yrs. What are they worth now every penny if I dosh them in today?
Answers:
You can easily check life insurance quotes contained by internet, for example here - lifeinsurance.awardspace.info
It is probly a very bleak idea to cash them within now. I bet you would have to reward taxes on any taxable gain on the policies. So, make sure you ask the insurance agent or company if there is any taxable gain on them BEFORE you retract them.
Just change the beneficiary on them and keep them. That is my feelings.
You have to telephone call the insurance agent or the company to get that info. Every policy is different.
How could anyone here possibly know? You will have to call respectively company and ask. They are probably worth a bit over $5,000.
Related Questions:
Answers:
You can easily check life insurance quotes contained by internet, for example here - lifeinsurance.awardspace.info
It is probly a very bleak idea to cash them within now. I bet you would have to reward taxes on any taxable gain on the policies. So, make sure you ask the insurance agent or company if there is any taxable gain on them BEFORE you retract them.
Just change the beneficiary on them and keep them. That is my feelings.
You have to telephone call the insurance agent or the company to get that info. Every policy is different.
How could anyone here possibly know? You will have to call respectively company and ask. They are probably worth a bit over $5,000.
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