According to their flyer she can get her cash premium back, the "loss" if you will would be she gets no interest on her cash whereas now she is getting some interest on it in a CD or IRA or whatever investment she has.
If she keeps the policy she would be paid some interest according to their brochure it is only if you cancel here you only get the "cash" premium.This would be a reasonable investment if she feels the need for additional protection.
And I have to say I had a client recently that had both of these policies and actually has made out like a bandit after paying all these years.He needed long term care actually skilled care and that runs about $5-$6k a month plus his other medical bills.I know it seems like a big black hole sometimes.I mean this person is same age as my dad and my dad deceased without ever needing it.But this guys has literally defied medical odds, survived a quadruple bypass/stroke and was in the hospital and rehab for a year and then skilled care so I have seen both sides.
He is going on 88 and the odds for a male surviving all that are long but it happens.So your mother may be one of those that needs long term care in her later years.If it gives her peace of mind she likely will not loose a whole lot given that interest rates these days are so low.
Thanks for letting me help you tonight.I appreciate the chance to do so
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