How Do You The Calculate Present Value Of A Whole Life Insurance Policy?
The present value of your whole life insurance policy can be calculated relatively quickly–without the need for complex mathematics or the use of specialized formulas. If you want to know how much your policy is worth today, you need to know the cash surrender value. This is the amount of money that you would receive if you decided to cancel your whole life policy immediately. Examine your most recent whole life insurance policy statement. Locate the amount of your cash value account and make a note of this figure. This number is the actual amount of cash that has accumulated inside your whole life policy since the date you purchased it. Subtract from the cash value the amount of any outstanding policy loans. Money borrowed from whole life insurance cash values is expected to be repaid. In the event that you cancel your policy, this money will be deducted from your cash value. Subtract from the cash value the amount of any surrender charges. Insurance carriers will impose certain fees
