What Is An Old Life Insurance Policy Worth? 
To determine what an old life insurance policy is worth , you need to determine if the policy is still in effect . If it was a term policy and no one is paying any premiums on it , the policy will have lapsed and not have any value . If it is a permanent policy , you can call the insurance company to determine if the policy is in effect and ask what you would get if you cashed the policy in . 