How to Figure the Cash Value of a Life Insurance Policy
- 1). Gather your life insurance statements. Look at your most recent statement. The net cash value balance should be listed on the bottom of the statement. This is the cash value you have available in your account to use for whatever purpose you want. The net cash value is the difference between the total cash value of the policy and the surrender charges listed in your policy contract. This will be itemized on your statement.
- 2). Contact the insurance company that you purchased your policy from. Make sure you have your policy number on hand when you call the company.
- 3). Verify that your last statement coincides with the balance that the insurance company has on file. The balance may be different depending on your life insurance policy type. This is because some policies credit interest monthly. Since most insurance policy statements are distributed annually, you will not know what the actual balance is unless you call the insurer.
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