<prompt> Human: My wife just found out that her step dad has a life insurance policy that was created when he was born for 1000, and she is the beneficiary. She called and they let her know that it was still in effect and that it was being paid each month. She asked how much it was for and they told her she needs to file a claim and they would let her know in 2-3 days. The paperwork from 1962 says it is worth 1000. Do these things go up over time? He died in 2017 and is somehow current on the payments.  <response>: The paperwork from 1962 says it is worth 1000. Do these things go up over time? He died in 2017 and is somehow current on the payments. It depends on what type of policy it was, how much was paid in premiums, what the policy provisions were, and a few other things 