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04-04-2009, 08:07 PM
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#1 |
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kanye
Drives: 11 Corolla S Join Date: Oct 2008
Location: USA
Posts: 88
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Life Insurance
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.
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04-04-2009, 08:16 PM
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#2 |
 
Drives: 2008 Yaris Liftback Join Date: Oct 2008
Location: South Jersey
Posts: 444
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Call your agent.
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04-04-2009, 08:32 PM
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#3 |
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Joey
Drives: '14 Scion xD 5-speed Join Date: Oct 2008
Location: El Monte, Ca
Posts: 3,529
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How long have you had your insurance and what's your annual premium?
__________________
Formerly owned Met-Met. '07 Yaris LB 5-speed. A forum post should be like a skirt: Long enough to cover the subject but short enough to keep things interesting. "I don't have an anger problem. I have an idiot problem." -Hank Hill |
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04-04-2009, 08:55 PM
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#4 |
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kanye
Drives: 11 Corolla S Join Date: Oct 2008
Location: USA
Posts: 88
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Ive had it since birth and grandma has been paying it until it matured when i turned 21 last year
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04-04-2009, 10:24 PM
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#5 |
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Joey
Drives: '14 Scion xD 5-speed Join Date: Oct 2008
Location: El Monte, Ca
Posts: 3,529
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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
__________________
Formerly owned Met-Met. '07 Yaris LB 5-speed. A forum post should be like a skirt: Long enough to cover the subject but short enough to keep things interesting. "I don't have an anger problem. I have an idiot problem." -Hank Hill |
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