what would a insurance policy be worth when bought in 1926 for $5000.?
safety man
2006-03-28 17:01:13 UTC
what would a insurance policy be worth when bought in 1926 for $5000.?
Three answers:
sloppy joe
2006-03-28 18:25:40 UTC
It depends on the type of policy and the terms and conditions of the policy. I assume this is a life insurance policy and it would depend on 1) the term of the policy...has it expired and 2) any equity that was built up over the years in the policy.
Check with the company that issued it
2006-03-29 14:21:10 UTC
I imagine that a policy purchased in 1926 probably is a whole life policy. The insurance company that the policy was purchased from has probably been bought or merged with another company. For more info on finding lost policies: http://www.findlocalinsurance.com/lostlife.html
linkUS
2006-03-29 01:51:38 UTC
Insurance policies expire, it would be worth zero.
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