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Can paid up policies be sold?
Fruit_Gum
Posts: 43 Forumite
Hi I wonder if anyone can help me? Does anyone know if paid up endowment policies can be sold. We paid it up in March 2004.
Thanks in advance
Thanks in advance
0
Comments
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Unlikely. The person buying it is in effect buying the future terminal bonuses and guaranteed sum assured. By making it paid up, these would automatically be lowered and take away any benefits to the purchaser beyond growth which they could get themselves on their own plans they take out.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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