endowment

melrebnat0983

my dad has sold hes house and moved in flat but never cashed hes policy in as in still has till october 2011 to run is he best to keep it up or cash it ill?:money:

dwsjarcmcd

Ask your Dad to phone the provider and ask for 3 values
1. The surrender value today
2. The 'paid up' value. That means he pays no more premiums but any bonus's are added based on what he has paid in so far.
3. An estimated muturity value based on prmiums continuing until maturity.

Based on the information he gets from the insurer he can work out which is the best option.

David

anh1904

Once you get the surrender value, also bear in mind these things can be traded second hand, and the value you will get there is generally better than surrender.
Google it to find one or more places that will give you a value (you will need a surrender value to do it though)