Myra asked in Business & FinanceCredit · 1 month ago

on a paid up life if you do a cash surrender on a after being paid off for over 50 years should there be interest earned?

1 Answer

  • 1 month ago

    There might be some interest, but not what you are likely expecting.  Dont forget, the cost of the insurance itself is a part of the contract, so the cash value will never be anything close to what was paid in...

    That said, 50 years is a long time and its possible the values have gotten quite large.  Depending on the insurer...who knows. 

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