My family recently found a insurance endowment that was started in 1919 that matured in 1983. Running a total?

Question

of 64yrs. What is endowment insurance and does anyone know what if would be worth.

Answer 1

An endowment policy is a whole life policy whose cash value is designed to be worth the death benefit in a specified year (usually 10 years, 20 years, etc.).  If this policy matured in 1983, assuming all payments were made on time, and any assumptions held true, it would have been worth the specified amount in 1983.  If someone has not cashed it yet, its time for the owner (or owner's executor) to call the insurance company for details.