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Cashing an Endowment
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PhilCCFC
Posts: 355 Forumite
We've had a settlement figure for a 7 year old endowment the other day and I was wondering whether someone could tell me a bit more about these companies advertising getting more money back for you in return for your policy. Do they give you significantly more than the holding company ?
They say that football is a religion, if this is true I worship at the Exacta Stadium, Chester
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Comments
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It is unlikely any TEP company would be interested in an endowment that has only been running for 7 years. They are also only interested in with profits endowments from the better insurance companies. Depending on the target growth rate and with profits potential you can expect anything from not interested to 25% more.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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I have a similar question.
I have a life policy, it is 'with profits', with monthly contributions and due to mature in 2026... and am considering selling it.
So where can I go for a quote? Then I can compare this to the surrender value.
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If its maturing in 2026, that suggests that it hasnt been running long. Like my previous answer, you will probably have the same problemI am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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