ChatterBank3 mins ago
endowment surrender
Has anybody got any ideas on what would be a rough surrender value for an endowment policy which has been payed into for 74 months at 132.80p per month, due to mature in 2024 (at a value of 66,500), but is no longer required?
Answers
Best Answer
No best answer has yet been selected by kujawski. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.You've paid �9827, if you are lucky you might get a third of that back. The life company will deduct their commissions, admin fees & costs of the life cover the policy has provided over 74 months. Either sell the policy as Nether Edge suggests to make more money or ask the life company if the policy can be Paid Up. Thien you won't have to pay any more premiums but you'll still have a lump sum in 2024 based on the growth. Bear in mind the sum would still be lower than forecast because it hasn't had the full premiums paid.