Author Topic: Question about whole life insurance, paid up additions, and surrendering.  (Read 682 times)

Accrorn

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I have a policy that my grandfather bought for me when I was five. 

Policy amount 20000
Paid up additions 4864
Total Value 24864

Yearly premium 119.40

I have inquired into surrendering the policy and was told the cash value is 2075.  I was under the impression that I would get the full Paid up addition - does anyone have any information/knowledge on this?

Edit: I'm having a hard time deciphering this:
http://codes.findlaw.com/tx/insurance-code/ins-sect-1105-012.html
« Last Edit: May 03, 2017, 12:19:45 PM by Accrorn »