If a face value policy is $2000 & double benefit existed to age 65. What is payout before 65 & after age 65?
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Member had this policy since 27 years of age. Face Value is $2000. Had a double benefit to age 65 and then the double benefit was no longer in place if he died after age 65. Based on this I am trying to figure out what the amounts should be that his beneficiary receives. Thanks
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Answer:
It depends on what kind of double benefit is it? Is it a rider attached to the policy like an accidental death rider? Or are they dividends that add to the death benefit? Or something else? You would need to post more information or call your insurance agent or company and ask.
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