Are the endowmwnt company trying to get me to cash out early?

RichyABC

An old endowment policy is due to mature in 10 days. My endowment company have sent me a payment instruction form asking me to complete it. Do I want a payment by direct credit or do I want payment by cheque? However there is an option before this: I want to take the policy value as cash (please tick box).

Are they asking me to cash in early (and perhaps lose out on the maturity value)? Or do they just need to know that I want my 'cash' and then they will send as a cheque or direct payment? 

HELP, should I leave this tick box empty?

Old_Lifer

They are asking you  if you want  to receive a cheque or if you want the  proceeds paid directly into your  bank account.

Along time ago it was often the case that industrial life policies  (small policies, small premiums, collected weekly) were generally paid in cash at maturity. 

RichyABC

Thanks, I'll leave that cash tick box alone then!!

dunstonh

For reference, if the insurer were looking for you to get out early they would use the term "surrender".