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
