Puzzled about this

Question

If I took out an insurance poiicy of $500. in 1970 what would it be worth in 2019?

Answer 1

Hi There,

I looked at the CPI Inflation calculator. This isn't going to match your policy directly, but it could give you a baseline:

https://www.bls.gov/data/inflation_calculator.htm

I$4,743.39 is what I got from the calculator.