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Life Insurance Policy Illinois

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  • Shep3470
    started a topic Life Insurance Policy Illinois

    Life Insurance Policy Illinois

    My parents have been paying for a $25,000 life insurance policy since I was 1 (now 25). They have completed the payments and are turning it over for me to take care of. I have an option to continue paying it for an increase in benefits or I can opt to take the cash. Does anyone know what the cash value might be if I decide to stop it and take the cash. My parents have only been paying $6.75/month for 24 years. I know it depends on interest and dividends and stuff but wanted to try and get a ballpark figure before I meet with the lady on saturday. Any thoughts would be greatly appreciated. Thanks!!!

  • Betty3
    replied
    It depends on the plan of ins., etc. You will have to get the cash value from the ins. co. or your ins. agt.

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