QUESTION
several years ago my company took out a life insurance policy on me. A perk for being a manager. I would recieve a payment every 5 years. The first 5
Asked on Apr 02nd, 2012 on Business Law - Minnesota
More details to this question:
years I received 5000. 10 years I would of received 7000. And so on. They quit the policy. I asked them who receives the money that was in there and they said it is going back to the company. Is that legal?
1 ANSWER
William/J Joanis
Yes. They had no legal obligation to keep up making the payments on the premium.
Answered on Apr 03rd, 2012 at 9:40 PM