How can I determine if a 1903 Prudential Life Insurance policy is valid?

I found a 1903 Prudential life insurance policy in a box at an estate public sale. How can I determine if this is still valid? Also, though i am not an heir, I bought the document so am I the owner?
Answers:
No you are not the owner. Call Prudential
You definitely are not the beneficiary any
No, you wouldn't be the owner of it. But if you honestly need life insurance, this is my favorite site for free quotes

http://www.insurance-quote-review.com/

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