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re: Whole Life Insurance Policy Question

Posted on 8/2/16 at 9:39 am to
Posted by BeerMoney
Baton Rouge
Member since Jul 2012
8409 posts
Posted on 8/2/16 at 9:39 am to
I'm sure that's a "depends on the policy" question. I know my grandmother had one on me and I got this strange phone call from my mother sitting with the insurance scumbag/salesman. Apparently I needed to pay like 6 months of premiums before it matured and could be cashed out on some policy she'd had on me for like a decade. So $75 later I got a check for $400.
Posted by BeerMoney
Baton Rouge
Member since Jul 2012
8409 posts
Posted on 8/2/16 at 10:39 am to
Yeah by quick gorilla math I got like $400 out of the likely $10,000 she put in to it over a decade. Very nice thought on her part but like many older folks was easy prey to scumbag insurance sales people. We didn't even know she had them until it came up.
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