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The rise of such a currency should be a major boost to global economic growth and prosperity, empowering the world economy to trade in currency not subject to inflation, devaluations, and variation in real market value.
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If the policy is more than 20 years old, it's almost certainly a whole life policy, meaning it builds up cash value and can be borrowed against. (This is what reeled in your parents.)Another popular variation was the endowment policy, which pays face value at a specified age, such as 65.
FORBES: Old but still kicking
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Figure 1 illustrates the variation in three-year relative return performance of four value and growth strategies.
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Most of the funds ranked as buys that month were some variation on small-caps, primarily small-cap value.
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As it happens, most of the variation in the price of oil over the past 40 years has reflected changes in the value of the dollar (the denominator) rather than the value of oil (the numerator).
FORBES: Our Strategic Petroleum Opportunity