I Had A Similar Situation With My Parents And A Life Insurance Policy. When I Was Sixteen My Parents Bought A Life Insurance Policy For My. It Was A Twenty Year Policy That Would Pay Our Dividends After Thirty Years. I Remember My Parents Explaining To Me That They Would Pay The Life Insurance Premiums Until I Was Out Of School And Had A Full Time Job. At Sixteen I Did Not Think This Was Any Big Deal So I Just Shrugged It Off. When I Had Completed College And Started A Job My Mother Gave Me All The Information About The Insurance And Told Me That It Was Time That I Started Paying The Life Insurance Premiums. She Stressed That They Had Paid In For Six Years Already So I Should Continue To Pay Them. The Life Insurance Premiums Were Very Reasonable Because The Policy Had Been Taken Out When I Was So Young. I Would Pay The Life Insurance Premiums Twice A Year And Forget About Them Until The Next Notice Came. When I Got Married I Notified The Company That I Had A Change Of Name And Address. When I Turned Thirty Six The Company Sent Me Notice That The Insurance Premiums Were Paid In Full And That I Would Be Able To Start Collecting Dividends On A Monthly Basis When I Was Forty Six Or I Could Let Them Accumulate. We Were Raising Our Family And Working Full Time I Did Not Take The Time To Look Into The Benefit.Now That I Am Seriously Looking Into Retirement And Looking At My Income Resources I Realize What A Special Gift My Parents Had Given Me. I Will Be Able To Draw Out A Monthly Income To Supplement My Retirement Plan. In Hind Sight I Wish I Would Have Done The Same For My Children.
