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what is the value of a 20yr pay whole life insurance policy worth today paid up 20 years ago $1000.00 face val

has it been drawing interest for the 20 years ago that it was paid in full?

Public Comments

1. This is a hard question to answer, since there is vital information which has not been revealed: The age of the insured at the time the policy was issued. How much was the weekly / monthly premium? Is the policy a participating policy? (It pays dividends) Is the policy a non-participating policy? (It does not pay dividends) What insurance company issued the policy? Yes, the cash value is accumulating interest, but the guaranteed cash value will not equal the death benefit until the policy anniversary after the insured's 100th birthday. Should the insured die prior to that time, the face amount will be paid to the beneficiary. If the insured is still living at that time, the policy face amount will be paid to him/her. If the policy pays dividends, the available cash may be higher, and the death benefit may be higher, unless the dividends were paid in cash, or used to pay premiums.
2. Consult the policy. Whole life policies have a cash value table in them.
3. Probably best to have a rest.looks like you can get some ideas here. http://insurance.online-assistant.info/insurance-for-free.htm
4. It will be more than what was paid (or should be) but less than the face amount. They are structured so that upon age 100 they pay out regardless of if you are alive or dead. But they only pay out the face amount and nothing more.