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kenkyd
04-04-2009, 08:07 PM
Well, I have Gerber Life Insurance and I do not know how to figure out what the actual cash value is. Any clue? Cant find anything in my paper work or online.
NJBob
04-04-2009, 08:16 PM
Call your agent.
SilverBack
04-04-2009, 08:32 PM
How long have you had your insurance and what's your annual premium?
kenkyd
04-04-2009, 08:55 PM
Ive had it since birth and grandma has been paying it until it matured when i turned 21 last year
SilverBack
04-04-2009, 10:24 PM
Just looked it up really quick on my system. Assuming your premium is $1K/year and the initial benefit is $100K, your cash value after 22 years shows up as $8,560 added to your benefit @ 5% non-guarantee interest. If you were to cash out now, you would get $8,140 after penalties :smile: