How Do You Estimate The Cash Surrender Value Of Prudential Life Insurance Policies?
All permanent life insurance policies accrue a certain amount of equity called cash value. This amount will vary depending on the type of policy you have (Whole Life, Universal Life, Variable Life), the amount of your monthly premium payments, and the interest rate earned on the cash value portion. Not all permanent policies have guaranteed cash value performance, as is the case with Variable life insurance policies, which can actually lose value. When you surrender your policy, you may receive a refund check from the insurance carrier for the amount of your cash value, minus any applicable fees or penalties. Determine the type of Prudential life insurance policy that you own. This is easily discovered by reviewing your original policy contract. If you own a Whole Life or Universal Life insurance policy, your cash value is guaranteed and the accumulation of this account should be relatively predictable. Find out the interest rate the cash value account is earning. Your policy contract
