Texas Proud
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- May 16, 2005
- Messages
- 17,342
Not sure if this is the correct forum, but here goes...
I am looking for some help from someone that was in the life insurance industry for what I will need to do whenever the time comes to submit a policy on my mom.
I have a policy from Insurance Company of America, which seems to be Prudential out of New Jersey. The policy is for $500... yes, that is the amount, but I do not want to ignore it if I can get the money...
My question is on reading the surrender clause. It states that it will pay the $500 upon surrender of the policy, proof of death AND proof of premium payments. Now, how the heck am I supposed to prove payment of premium? The policy had 20 years of premium payments and then it was fully paid, no more premium due. So, that means the last payment was in 1955, before I was born.
Can they hold me to that requirement of proof of payment?
I am looking for some help from someone that was in the life insurance industry for what I will need to do whenever the time comes to submit a policy on my mom.
I have a policy from Insurance Company of America, which seems to be Prudential out of New Jersey. The policy is for $500... yes, that is the amount, but I do not want to ignore it if I can get the money...
My question is on reading the surrender clause. It states that it will pay the $500 upon surrender of the policy, proof of death AND proof of premium payments. Now, how the heck am I supposed to prove payment of premium? The policy had 20 years of premium payments and then it was fully paid, no more premium due. So, that means the last payment was in 1955, before I was born.
Can they hold me to that requirement of proof of payment?