If a person had a policy took out in 1976 and the sum due to be paid out on death is £206, would that have increased over the years ?

Worried I’m going to have to borrow money to pay for a funeral.

Thanks.

need to check wording, but chances are, no – £206 might be the payout.

My mum cashed in a life policy some years back, proper full life insurance policy, on parchment almost – sum realised – £48 or something, would have been quite a lot when taken out – 1950 or so!! I think it was a policy taken out by her dad before wedding possibly..