Selling Endowment Policy .. strange urban myth ?

lycrawearer

Hi

I'm in the process of selling my 10 year old endowment policy to Robin Lloyd ... as they offered me about 20% more than the surrender value.

However I mentioned this a colleague at work, and he said he'd heard of stories where people who sold their endowments were then bumped off by Eastern European gangs so that they could claim the relevant life insurance amount !!!

Sounds far fetched I know, but has anyone else heard anything ??

Oh yeah - one burning question who buys endowments that have a previous owner ? Do they get the previous policy holders name & address etc ?

Cheers

Lycrawearer

Ian_W

Oh Yes!! Be very, very frightened!! :eek:

If someone will pay 20% more than the surrender value - ask yourself - WHY? Sounds like an endowment that may well be worth keeping.

As for the Russian Mafia - too busy buying Premier League football clubs IMO.