I have a client that took out a 10k policy with them in 1989. The client is now 63 years of age. The client cannot locate the policy,says they never got one. The client tells me there's a loan against it they never paid back.When you call their home office for information,they tell the client to contact the agent. I prepared a list of questions for the client to ask the agent.When the client contacts the agent to get the values,the agent tells the client the following:
Current DB $8100
Max loan value $1000
Current CV $1000
The client is also advised that the policy will be paid up at age 65,
Source of insurance-forums.net
Current DB $8100
Max loan value $1000
Current CV $1000
The client is also advised that the policy will be paid up at age 65,
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