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Have the bank stolen my endowment policy?
Secret_Badger
Posts: 1 Newbie
Hello.
In approximately 1994, I was ask to hand over my endowment policy as security for a personal loan. I'm wondering if they were acting correctly by taking it? Where is it now? Can I track it down? The policy has been running since 1986 so should have some value.
In approximately 1994, I was ask to hand over my endowment policy as security for a personal loan. I'm wondering if they were acting correctly by taking it? Where is it now? Can I track it down? The policy has been running since 1986 so should have some value.
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Comments
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Ask the bank.0
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Secret_Badger wrote: »Hello.
In approximately 1994, I was ask to hand over my endowment policy as security for a personal loan. I'm wondering if they were acting correctly by taking it? Where is it now? Can I track it down? The policy has been running since 1986 so should have some value.
Are you still paying the premiums?0 -
I'm wondering if they were acting correctly by taking it?
Yes, they could use them as security.
Are you getting statements? Are you still paying into it?Where is it now?The policy has been running since 1986 so should have some value.
Most endowments of that era were no longer than 25 years. If yours was, then it would have matured in 2011.0
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