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Learning, Sharing, and Teaching => Ask a Mustachian => Topic started by: Accrorn on May 03, 2017, 12:00:04 PM

Title: Question about whole life insurance, paid up additions, and surrendering.
Post by: Accrorn on May 03, 2017, 12:00:04 PM
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