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Sell L&G Endowment?
Fleeting_Glimpse
Posts: 130 Forumite
I have an L&G policy that we need to either surrender or is it worth trying to sell?
Its a 'units' managed policy that is due to mature 2023.
Surrender value is £5600
£3200 assured.
Can't find basic sum assured.
Thanks
Leigh
Its a 'units' managed policy that is due to mature 2023.
Surrender value is £5600
£3200 assured.
Can't find basic sum assured.
Thanks
Leigh
0
Comments
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You cannot sell unit linked plans as they have a daily value with no retained future value. It would be a bit like asking for more money for a £10 note.
The upside is that unit linked plans have been recovering nicely and most 20+ year endowments are expected to return to surplus soon, if they have not already done so.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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