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Unit linked endowment policy
JERSEY1009
Posts: 1 Newbie
I acknowledge that these types of policy and not saleable. Does anyone know if that is absolutely correct and also whether these policies can be surrendered.
I have already arranged alternative life cover. This would free up an awful amount of money now my husband can no longer work and is not entitled to benefits. I want to use the money to pay off the reserve on the mortgage.
Thanks in advance.
I have already arranged alternative life cover. This would free up an awful amount of money now my husband can no longer work and is not entitled to benefits. I want to use the money to pay off the reserve on the mortgage.
Thanks in advance.
0
Comments
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. Does anyone know if that is absolutely correct
It is.
unit linked plans have a daily value. So, why would anyone want to pay more for your units when they could buy the units at market price? - hence no need to trade them.
they can.also whether these policies can be surrendered.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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