Q: I was a previous policy holder with Lutheran Mutual Life Insurance Company. I made monthly automatic withdrawal payments

A: To determine if your policy with Lutheran Mutual Life Insurance Company has a cash value, the first step is to gather all relevant documentation related to your insurance policy. This includes any policy statements, receipts, or records of payments made during the 1970s. These documents are crucial for understanding the terms and conditions of your policy.

Next, contact Lutheran Mutual Life Insurance Company directly. Given the time frame of your policy, it's important to verify if there have been any changes in the company, such as mergers or name changes, which could affect how you pursue your inquiry. The customer service department should be able to guide you regarding the status of your policy and any potential cash value.

If you encounter challenges in getting the necessary information or understanding the terms of your policy, it may be helpful to consult with an attorney or a financial advisor who has experience in insurance matters. They can assist in interpreting the policy's terms and advising on the appropriate steps to take.

Keep in mind that the cash value of a life insurance policy depends on the specific type of policy you purchased and the terms set forth at the time of agreement. Some policies from the 1970s may have different structures compared to modern insurance products.

Lastly, be prepared for a process that may require some time and persistence, especially given the age of the policy. Patience and thoroughness in gathering and reviewing all necessary information will be key to understanding your policy's potential cash value.