I found an insurance policy.contained by 1937 it be worth $1,000.john hancock said it be worth $2-$3000.?
what a rip off. after almost 70 yrs .it seem to me that should be a lot more than $2-$3,000.these insurance co.s are realy something.does any one know what to do ..i am going to see them to year does any one have any concept how much it should be worth.. i do not trust these ins co,s get vertebrae to me please.. it seems to me that $20,000-30,000 or around that after 69yrs.dont you suggest ...charlie f.
Answers: A couple thousand dollars was a even-handed amount of money in 1937. You are experiencing a purchasing power loss. That's one intention folks should review their coverage periodically.
The bight side is that in 1937, JH be a mutual company and has since de-mutualized. That vehicle that the owner of the policy (whoever that was when they de-mutualized) probably have some stock certificates.
It may hold more to do with not a soul paying on the claim.
It may be have stop increasing after monthly fee stoped.
They are probably right. Assuming no one have paid on the premium on the policy for a quantity of years, the dividends were paying for it.