[GNC] insurance policy with guaranteed value: how to record increase in value?

[Andrea Borgia]

Hello, Michael.


> Ah, my line of country, insurance.

Good thing this is your field of expertise, mine is programming :)


> a) Do they not give you an annual statement? One that indicates
> increase in "cash value".

I have the receipts for the payments made and I can check the current 
value on their website but I do no recall receiving an annual statement: 
on the website, they state the initial value (matches my records), the 
revalued amount and the present value. Also, the website is so 
hopelessly early 90s that I wouldn't trust the company if I didn't 
already know it was legit.


> product compared to what where I used to work would offer. In other
> words, is that 0% a guarantee on the "investment" component?

Yes, that's the way it was explained to me: in the worst case, I gain 
nothing during a given year.



> Assuming you get an annual statement, you could adjust manually at
> that time. The asset would go under "fixed assets" and you are
> correct that you would not be using the "price editor".

Will do, seems both the easieast and the most accurate option.



Thanks,
Andrea.