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Question
Hi, I was wondering if you knew what a "advanced premium deposit fund" is?
My mother found an old policy she had forgotten about. She paid on starting back in the 70's. The company is a life insurance company and has been acquired a couple of times since I guess I'd have to do some research to contact them.
Thanks
Frankly, this sounds like a company-specific term and not a generally common part of a life insurance policy. It sounds like an accumulation fund of premiums paid in advance of when they are due but that would purely be speculation. Sorry I couldn't be of more help!
Mike
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Life & Health Insurance
Answers by Expert:
Michael Feinberg, ChFC
Expertise
I am the Executive Director of Synergy Financial Services, focusing on life, disability and long term care insurance nationwide. I do not typically handle health-insurance related questions since they are typically local-based but I am always happy to try to answer any questions you may have on any of these topics.
Experience
16 years in the insurance business.
Education/Credentials
Chartered Financial Consultant
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