Grandfather bought a $1,000 life insurance policy from New York Life in 1951. Parents are "surrendering" it now for only $6,500. Shouldn't it be more?

I'm wondering if my elderly parents are getting scammed. You would think that it would be worth a lot more than just $6,500. Should they be doing something else other than "surrendering" it? Can't they cash it in some other way?

Submitted November 10, 2023 at 12:19AM by catpooptv https://ift.tt/gzOv08x