Investment plan

Janet_Mallender

Can any one give me advise my parents took out a 5 year investment plan at the Halifax last April, but it didn't start until June unfortunatley my father died in the May, could my mother use this to get out of the plan and not loose any of her investmentJanet

Baz_2

Just give them a call and ask.

Most do have clauses in them that states the agreement can be broken due to exceptional circumstances. I would have though that would qualify.

It will all be in the T&C's though.

dunstonh

Without knowing the plan details its not possible to say. However, the "typical" answer would be that unless there is a guarantee, the value on date of death would apply. That alos assumes that it was written on joint life, first death basis and not joint life second death basis.

As Baz says, you need to ask them