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pay out after death
pauline51
Posts: 5 Forumite
Hi,
Unfortunatly l lost my wife last year, the endowment insurance paid out for the mortgage but it only had 12 months to run what happens to the endowment, do l get anything at the end of the term or is that it now?
Unfortunatly l lost my wife last year, the endowment insurance paid out for the mortgage but it only had 12 months to run what happens to the endowment, do l get anything at the end of the term or is that it now?
0
Comments
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That's it. It only pays out once. You're not still paying into the policy either, well, you shouldn't be.Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0
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It should pay out the higher of the guaranteed death benefit and the current policy value.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0
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