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Life Insurance with profits?
Chezell
Posts: 32 Forumite
I have just received a cheque from the CIS after a life insurance policy on my husbands life for the benefit of my child, the basic sum assured was £4000, over 17 years.
My question is that the cheque received was less than all the premiums paid, is this correct?
Thanks in advance to anyone who can help
My question is that the cheque received was less than all the premiums paid, is this correct?
Thanks in advance to anyone who can help
0
Comments
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My question is that the cheque received was less than all the premiums paid, is this correct?
Quite probably. It depends on how much went towards life assurance and how much went towards with profits. One with minimal life assurance as the sum assured will pay out more than one with a greater sum assured.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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