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Life Assurance
MonkeyzNutz
Posts: 2 Newbie
I have Life Assurance for 15 years,would be possible to cash it in early?
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Comments
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Depends what sort of life assurance it is.
If it's an endowment, probably. If it's term assurance, it won't have a cash in value. Ask your insurance company!0 -
Life Assurance has no cash value at any time. The only time it pays out is on death.
If you cancel it you loose the life cover.0 -
I`ve just checked and its classed as a MoneyBuilder over 15 years so no its not Life Assurance.
Would i be able to cash it in early anyway?0 -
Yes, you should be able to, but I doubt if the surrender value would be very high.
Check with the company for a value first before you try to surrender itI am a Mortgage adviserYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
Scousepab, you'd be better off creating a new thread for your situation - it gets confusing when people start having two separate conversations in one thread!0
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Thanks,Annisele
scousepab0
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