BUM
Thinks s/he gets paid by the post
Since ERing last January we've been downsizing, realigning finances and generally taking care of loose ends.
I started examining life insurance policies and found that DW's small whole life policy that we've had for 30 odd years has been accumulating interest from a "loan" used to cover a missed premium payment in 1986
The invoices show $290 due. Apparantly its been showing up on the quarterly invoice all along but neither DW or I noticed and just paid the premium due. Now, if this occured on a credit card bill we would have been all over it but on an insurance bill? It got by us. But for 20 years?!?!?! The annual premium is under a 100 bucks. The agent says just pay it. Not worth the fight.
I thought we were always diligent folks...but this is a shocker. Not alot of money but, damn!
I started examining life insurance policies and found that DW's small whole life policy that we've had for 30 odd years has been accumulating interest from a "loan" used to cover a missed premium payment in 1986
The invoices show $290 due. Apparantly its been showing up on the quarterly invoice all along but neither DW or I noticed and just paid the premium due. Now, if this occured on a credit card bill we would have been all over it but on an insurance bill? It got by us. But for 20 years?!?!?! The annual premium is under a 100 bucks. The agent says just pay it. Not worth the fight.
I thought we were always diligent folks...but this is a shocker. Not alot of money but, damn!