Quote:
Originally Posted by sugarwood
How does one go from having $20k of coverage
to nothing left
after cashing out $4k ?
Why it is not $16k?
20 - 4 = 16
Sounds like total con artist bull**** to me.
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It was a scam. Those policies are horrible and only ever cause trouble. Reread the first part of that post and that's the kind of policy she (and WD) had. Make the minimum payment and the face amount declines. Takes a while and it will eat away at the cash value too. Face amount and cash value are totally unrelated. No one reads their paperwork, just the initial face amount and monthly payment.