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Whole Life Insurance Policy Premiums

Whole Life Insurance Policy Premiums

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RodH032021

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‎07-30-2020 02:53 PM

Whole Life Insurance Policy Premiums

A 90+ year old relative has been paying premiums on a $10,000.00 policy for over 22 years. She has paid in almost double the value of the policy. Is this normal?

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cat0w

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‎07-30-2020 05:31 PM

@RodH032021 Why doesn't she check on cashing in the policy? See if she can get the cash and then put it in a savings account or something to draw interest on it instead of continuing to pay the premium. You can find out more by doing a Google search on life insurance policies. Has anyone read the policy to see what it says?